Suppose that the national economy isexperiencing a recession with an estimated recessionary gap of $10 billion. Congress is considering the use of fiscal policy to ease the recession, and due to currentpolitical sentiments,it has determined that the maximum spending increase the government iswilling to support is $3 billion. The governmentwants to make up the remainder of the recessionary gap using tax cuts. Ifa spending increase of $3 billion is approved and the MPC is 0.6, by how much will taxes need to be reduced to close the remainder of the recessionary gap?