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Problem 12-11 (algo) Assume MPC = 0.85. If an Initial fiscal restraint of $100 billion is desired, by how much must Instructions: In part a,

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Problem 12-11 (algo) Assume MPC = 0.85. If an Initial fiscal restraint of $100 billion is desired, by how much must Instructions: In part a, enter your response as a whole number. In part b, round your response to two decimal places. a. government spending be reduced? $ billion b. taxes be raised? $ billion

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