I'm doing economics homework and the question is asking If taxes were cut by $1 trillion and the MPC was 0.93, by how much would total spending increase in the first year with two spending cycles a year. Do I need to know MPS?
I'm doing economics homework and the question is asking If taxes were cut by $1 trillion and the MPC was 0.93, by how much would total spending increase in the first year with two spending cycles a year. Do I need to know MPS?
Chapter15: Fiscal Policy
Section: Chapter Questions
Problem 4SQP
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I'm doing economics homework and the question is asking If taxes were cut by $1 trillion and the MPC was 0.93, by how much would total spending increase in the first year with two spending cycles a year. Do I need to know MPS?
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