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The last personal savings rate recorded by the Federal Reserve database was 2.4%. Assume your average tax rate is 35%. The Federal Government recently spent

The last personal savings rate recorded by the Federal Reserve database was 2.4%. Assume your average tax rate is 35%. The Federal Government recently spent $1.2T on infrastructure. Assuming this stands, answer the following question.

1. How much disposable income would the third iteration of this spending generate?

1.1A. What is the estimated increase in aggregate demand as a result of this bill assuming no tax

increase?

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