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Business, 04.05.2021 14:00 bbyany21

Explain the effect of a discretionary cut in taxes of $50 billion on the economy when the economy's marginal propensity to consume is 0.9. How does this discretionary fiscal policy differ from a discretionary increase in government spending of $40 billion dollars?

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Explain the effect of a discretionary cut in taxes of $50 billion on the economy when the economy's...

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