Assume an open mixed economy assume the mpc is 7 assume a


Assume an open, mixed economy. Assume the MPC is .7. Assume a stimulus package of $100 billion has been approved by Congress and the money has been spent. In order to pay for those expenditures, Congress also approved a $100 billion increase in individual income taxes. Will these actions by Congress expand or contract the economy or are they just useless actions? Get started early and work with your class members to solve this problem.

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Business Economics: Assume an open mixed economy assume the mpc is 7 assume a
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