The 2008 fiscal policy package included roughly $100 billion in tax rebates that were mailed to taxpayers.

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The 2008 fiscal policy package included roughly $100 billion in tax rebates that were mailed to taxpayers. By how much would aggregate demand shift

(a) Initially

(b) Ultimately as a result of these rebates? Assume the MPC is 0.95.

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:56 PM

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The 2008 fiscal policy package included roughly $100 billion in tax rebates that were mailed to taxpayers.

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a 95 billion b 1900 billion Explanation Recall Multiplier ...View the full answer

Essentials of Economics

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