The CARES Act of 2020 increased disposable income by $600 billion. If consumers spent $400 billion of those income transfers immediately,Instructions: In part a, round your response to two decimal places. In part b, round your response to the nearest whole number.what was the MPC?how much stimulus would those income transfers ultimately provide?$ billion

If taxes were cut by $1 trillion and the MPC was 0.75, by how much would total spendingInstructions: Round your responses to two decimal places.increase in the first year with two spending cycles per year?$ trillionincrease over three years, with two spending cycles per year?$ trillionincrease over an infinite time period per year?$ trillion

If the MPC is 0.95, then a $12 million increase in disposable income will: a. increase consumption by $950 million. b. increase saving by $11.4 million. c. increase saving by $0.6 million. d. increase consumption by $6 million.

The massive stimulus checks sent out by the U.S. government in 2020 in an attempt to fight off the economic effects of the pandemicMultiple Choicereduced disposable income but increased saving.decreased disposable income and saving.increased disposable income but reduced saving.generated a large increase in disposable income and saving.

A fiscal stimulus package, such as the one implemented by the Australian government during the GFEC, usually refers to:Group of answer choicesan increase in government expenditures combined with an increase in taxes.an increase in government expenditures combined with a decrease in transfer paymentsa decrease in government expenditures combined with an increase in transfer paymentsan increase in government expenditures combined with an increase in transfer paymentsa decrease in government expenditures combined with a decrease in transfer payments

If the government wishes to increase GDP by $1200b and the MPC is 0.75, it should:Question 2Select one:A.Increase taxes by $300b.B.Decrease taxes by $300b.C.Decrease taxes by $400b.D.Increase taxes by $400b.