Check my The multiplier process depicted in the following table is based on an MPC of 0.75 a. Recompute the first four cycles using an MPC of 0.96. MPC = 0.75 MPC = 0.96 Change in Spending Cumulative Increase Change in Spending Cumulative Increase Spending during Cycle in Spending during Cycle in Spending Cycles 5:19 (Billions per year) (Billions per year) (Billions per year) (Billions per year) $100.00 $100.00 100 $ 100.00 2 75.00 175.00 96.00 $ 196.00 k 3 56.25 231.25 4 42.18 273.44 nees Instructions: Round your response to two decimal places. b. Given that the MPC is higher, how much more consumption occurs in the first four cycles when the billion MPC = 0.96 compared to when the MPC = 0.75? c. What is the value of the multiplier (i) if the MPC = 0.75? + (ii) if the MPC = 0.96