Why cant an economy with an MPC greater than 1 reach a stable equilibrium in the aggregate

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Why can’t an economy with an MPC greater than 1 reach a stable equilibrium in the aggregate expenditure model?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

Question Posted: Jan 20, 2023 01:36 AM

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Why cant an economy with an MPC greater than 1 reach a stable equilibrium in the aggregate

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