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2 years ago

8

Suppose the MPC of a country is 0.72 and the government reduces taxes by $20 billion to stimulate the economy. How much of the t

ax reduction is likely to go into increased spending?
A. $27.8 billion B. $20 billion C. $7.6 billion D. $14.4 billion E. $52.6 billion'

1 answer:

blsea [12.9K]2 years ago

7 0

I think the answer is A or C
have a great day!!!

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