What is the result of the two actions on the economy

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Reference no: EM131108000

In 1975, President Ford proposed a $28,000 cut in government spending and a $28,000 tax cut, what is the result of the two actions on the economy? Show your work, use the MPC of .80. Hint: notice that the numbers are the same -$28,000.

Reference no: EM131108000

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