Ask Question
27 September, 09:24

Suppose the MPC of a country is 0.72 and the government reduces taxes by $20 billion to stimulate the economy. How much of the tax reduction is likely to go into increased spending?

A. $27.8 billion B. $20 billion C. $7.6 billion D. $14.4 billion E. $52.6 billion'

+5
Answers (1)
  1. 27 September, 12:14
    0
    I think the answer is A or C

    have a great day!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose the MPC of a country is 0.72 and the government reduces taxes by $20 billion to stimulate the economy. How much of the tax ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers