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Esimates of the MPC in the US are often somewhere between 0.6 and 0.8. Suppose that the weighted average of the MPC across the population
Esimates of the MPC in the US are often somewhere between 0.6 and 0.8. Suppose that the weighted average of the MPC across the population is 0.76. If someone were to receive an untaxed stimulus check from the federal government for $1,200, how much would that increase GDP, according to the simple formula? Enter your answer to the nearest cent, but do not include the dollar sign in your answer
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