The tax cuts of 2017 increased the 2018 disposable income of households by roughly $200 billion. If the MPC were 0.9, nstructions: Enter your responses as a whole number. a. how much of this windfall was initially saved? %24 180 billion D. how much AD stimulus resulted over time after all multiplier effects? $ 2000 O billion
The tax cuts of 2017 increased the 2018 disposable income of households by roughly $200 billion. If the MPC were 0.9, nstructions: Enter your responses as a whole number. a. how much of this windfall was initially saved? %24 180 billion D. how much AD stimulus resulted over time after all multiplier effects? $ 2000 O billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The tax cuts of 2017 increased the 2018 disposable income of households by roughly $200 billion. If the MPC were 0.9,
Instructions: Enter your responses as a whole number.
a. how much of this windfall was initially saved?
%24
180 O billion
b. how much AD stimulus resulted over time after all multiplier effects?
$ 2000
billion
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