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The American Recovery and Reinvestment Act of 2009 that was passed during the first month of the Obama administration cut taxes by about $200 billion
The American Recovery and Reinvestment Act of 2009 that was passed during the first month of the Obama administration cut taxes by about $200 billion and increased government spending by $600 billion. If the MPC is 0.75, what are tax and government expenditure multipliers? The American Recovery and Reinvestment Act of 2009 that was passed during the first month of the Obama administration cut taxes by about $200 billion and increased government spending by $600 billion. If the MPC is 0.75, what are tax and government expenditure multipliers? MT=2 and MG=3 MT=3 and MG=4 MT=4 and MG=4 MT=4 and MG=5
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