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billion billion Effect of a Tax Cut on Spending Suppose that the average wage earner saves 11% of her take-home pay and spends the other
billion billion
Effect of a Tax Cut on Spending Suppose that the average wage earner saves 11% of her take-home pay and spends the other 89 %. Estimate the impact (in billions of dollars) that a proposed $20 billion tax cut will have on the economy over the long run due to the additional spending generated. (Round your answer to the nearest integer.) billion
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