Explain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy's marginal propensity to consume is .75. how does this discretionary fiscal policy differ from a discretionary increase in government spending of $40 billion?

We use the multiplier formula here,

Therefore, we have

While, if the government used a fiscal policy by increasing government spending by $40 billion. The result would have been

Therefore, we have

Therefore, GDP will increase by $160 billion due to an increase in Government spending by $40.

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what are the options

explanation: