Business, 15.12.2020 03:10 LudwergTheMyth

Explain how MPC and the multiplier effect would impact a government’s attempt to stimulate its economy in each of the following scenarios. a. To stimulate the economy already in a serious recession, the government spends a total of $700 million to send each person a stimulus check of $600.

b. To stimulate the economy already in a serious recession, the government spends a total of $700 million to construct nationwide highspeed internet infrastructure so that all areas of the country, especially the rural areas will have highspeed internet service.

c. Explain why one of these scenarios is likely to have a greater overall impact on this economy.

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Explain how MPC and the multiplier effect would impact a government’s attempt to stimulate its econo...

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