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4. Explain how MPC and the multiplier effect would impact a government's attempt to stimulate its economy in each of the following scenarios. a. To
4. Explain how MPC and the multiplier effect would impact a government's attempt to stimulate its economy in each of the following scenarios.
a. To stimulate the economy already in a serious recession, the government spends a total of $700 million to send each person a stimulus check of $600.
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