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Answer the following: a. MPC = .7.What is the government spending multiplier? b. MPC = .85 .What is the tax multiplier? c. If the government

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Answer the following: a. MPC = .7.What is the government spending multiplier? b. MPC = .85 .What is the tax multiplier? c. If the government spending multiplier is 5, what is the tax multiplier? d. If the tax multiplier is -3, what is the government spending multiplier? e. If government purchases and taxes are increased by $150 billion simultaneously, what will the effect be on equilibrium output (income)

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