Business
Business, 12.06.2021 16:20, balochmisbah6626

Suppose that the average wage earner saves 3% of her take-home pay and spends the other 97%. Also suppose that 97% of any amount spent is always re-spent (with 3% saved). Estimate the impact that a proposed $35 billion tax cut will have on the economy over the long run due to the additional spending generated. (Round your answer to the nearest integer.)

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Suppose that the average wage earner saves 3% of her take-home pay and spends the other 97%. Also su...

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