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Suppose the Average Wage Earner Saves 15% of Her Take-Home

Question 31

Short Answer

Suppose the average wage earner saves 15% of her take-home pay and spends the other 85%. Estimate the impact that a proposed $25 billion tax cut will have on the economy over the long run due to the additional spending generated. Round the answer to the nearest billion dollars.
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$ __________ billion

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