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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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
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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