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If the AD excess is $500 billion and the MPC is 0.80, a. how much fiscal restraint is desired? $ billion b. by how much
If the AD excess is $500 billion and the MPC is 0.80, a. how much fiscal restraint is desired? $ billion b. by how much do income taxes have to be increased to get that restraint? $ billion c. alternatively, how much should government reduce its spending to achieve the target? $ billion
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