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PROMPTS: Prompt 1 (Unemployment and Inflation ): If the economy is near full employment, how would an expansionary fiscal policy impact inflation? Prompt 2 (The

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PROMPTS: Prompt 1 (Unemployment and Inflation ): If the economy is near full employment, how would an expansionary fiscal policy impact inflation? Prompt 2 (The MPC and the Multiplier): Which group is likely to have a larger MPC: low-income households or high-income households? What does this tell you about how to target tax cuts during a recession

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