(a) According to the News on page 237, how much more did the average household spend on...

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(a) According to the News on page 237, how much more did the average household spend on appliances, electronics, and furniture when it received the 2008 tax rebate?

(b) If all 110 million households did so, how much did aggregate consumption increase?

(c) If the MPC was 0.8, how much would cumulative spending increase as a result?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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