Question
The CARES Act of 2020 increased disposable income by $600 billion. If consumers spent $400 billion of those income transfers immediately, Instructions: In part a,
The CARES Act of 2020 increased disposable income by $600 billion. If consumers spent $400 billion of those income transfers immediately,
Instructions: In part a, round your response to two decimal places. In part b, round your response to the nearest whole number.
- what was the MPC?
2. how much stimulus would those income transfers ultimately provide?
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Issues in Economics Today
Authors: Robert C. Guell
8th edition
1259746399, 1259746390, 978-1259746390
