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Suppose it was found that the mpc varied by income level in the following manner, with lower income households spending a greater portion of every

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Suppose it was found that the mpc varied by income level in the following manner, with lower income households spending a greater portion of every dollar of income than higher income households. Household income mpc Income/spending Tax multiplier multiplier 0-$30,000 0.9 $31,000 - 50,000 0.8 $51,000 - 80,000 0.75 $80,000 and above 0.6 Calculate the government spending and tax multipliers for each income bracket considered separately

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