How much stimulus would those income transfers, Other Subject

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How much stimulus would those income transfers

Problem: The CARES Act of 2020 increased disposable income by $600 billion. If consumers spent $400 billion of those income transfers immediately,

Instructions: In part a, round your response to two decimal places. Round your response to the nearest whole number.

1. What was the MPC?

2. How much stimulus would those income transfers ultimately provide?

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