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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702 Exercise 1
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 and ( b ) ultimately as a result of these rebates? Assume the MPC is 0.95.
Explanation
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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
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