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Business, 16.04.2020 21:31 bossboybaker

Suppose that the average wage earner saves 9% of her take-home pay and spends the other 91%. Also suppose that 91% of any amount spent is always re-spent (with 9% saved). Estimate the impact that a proposed $30 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 9% of her take-home pay and spends the other 91%. Also su...
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