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Explain the effect of a discretionary cut in taxes of $60 billion on the economy when the economy's marginal propensity to consume is 0.8.How does

Explain the effect of a discretionary cut in taxes of $60 billion on the economy when the economy's marginal propensity to consume is 0.8.How does this discretionary fiscal policy differ from a discretionary increase in government spending of $60 billion?

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