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If the MPC = 0.8, what is the government purchases multiplier?
Earned Income Tax Credit
A refundable tax credit for low- to moderate-income working individuals and families, particularly those with children.
Means-Tested
A method for determining whether an individual or family is eligible for government assistance based on their income or resources.
In-Kind Benefit
Non-monetary compensation or goods and services provided instead of cash, often used in social welfare programs or employee benefits.
Medicaid
A health care program in the United States that provides medical benefits to low-income individuals and families.
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