Assume the economy is in a recession, and a stimulus package of
$$500
bilion is passed by the federal government. The administration predicts that this measure will provide a
$$2,000
bilion boost to G0p this year because consumers will spend their extra cash on HD televisions, cars, and other items. For this amount of stimulus, the established value of MPC used in this forecast is
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Question

Assume the economy is in a recession, and a stimulus package of

$$500

bilion is passed by the federal government. The administration predicts that this measure will provide a

$$2,000

bilion boost to G0p this year because consumers will spend their extra cash on HD televisions, cars, and other items. For this amount of stimulus, the established value of MPC used in this forecast is

◻

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