If taxes were cut by $1 trillion and the MPC was 0.75, by how much would total spending
a. Increase in the first year with two spending cycles?
trillion
trillion
b. Increase over three years, with two spending cycles per year?
c. Increase over an infinite time period?
trillion

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(a) compute the maclaurin polynomial m2(x) for f(x) = cos x. (b) use the polynomial of part (a) to estimate cos π 12. (c) use a calculator to compute the error made using the estimate from part (b) for the value of cos π 12. remember that the error is defined to be the absolute value of the difference between the true value and the estimate.

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