How much would total spending

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Reference no: EM13815920

If taxes were cut by $1.5 trillion and the MPC was 0.85, by how much would total spending (round to 2 decimal places)

a) Increase in the first year, with two spending cycles? ____ trillion

b) Increase over five years, with two spending cycles per year? _____ trillion

c) Increase over an infinite time period? _____ trillion

Reference no: EM13815920

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