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(Solved by Expert Tutors) Please show work.? 5. In order to financially stimulate the>


5. In order to financially stimulate the

nation, the Federal government injected $900 billion dollars into the economy. However, the results were less than spectacular. One reason could have been a failure to understand the marginal propensity to consume. Assume the marginal propensity to consume (MPC) was only 0.5. How much of that $900 billion went to increased consumption? Where did the rest of the money go?
Increased consumption: ________________________

Where did the rest go? _________________________

Using MPC = 0.5, what is the multiplier (the actual numerical value please):
___________________
What was the total change in spending as a result of the stimulus package?
__________________

 


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Apr 19, 2020

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