Business, 14.07.2019 04:00, tdun7003

Explain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy's marginal propensity to consume is .75. how does this discretionary fiscal policy differ from a discretionary increase in government spending of $40 billion?

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Explain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy's...