Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Question
The expiration of the FICA payroll tax cut of January 1, 2013, raised taxes by $110 billion per year.Assume a marginal propensity to save (MPS) of 0.20.
a. By how much would consumer spending decrease initially?
b. What is the ultimate decline in aggregate demand?