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Increase in the first year with two spending cycles

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Reference no: EM131433886

If taxes were cut by $1 trillion and the MPC was 0.75 by how much would the total spending.

a). Increase in the first year with two spending cycles?

b). Increasing over three years with two spending cycles per year?

c). Increase over an infinite time period? I got a) but got stuck on b&c.

Reference no: EM131433886

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