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Assume MPC = 0.80. If an initial fiscal restraint of $150 billion is desired, by how much must Instructions: In part a, enter your response

Assume MPC = 0.80. If an initial fiscal restraint of $150 billion is desired, by how much must

Instructions: In part a, enter your response as a whole number. In part b, round your response to two decimal places.

  1. government spending be reduced?

$ billion

  1. taxes be raised?

$ billion

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