Suppose the MPC is .80, the MPI is .10, and the income tax rate is 10 percent.

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Suppose the MPC is .80, the MPI is .10, and the income tax rate is 10 percent. What is the multiplier in this economy?

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Macroeconomics

ISBN: 9781250781284

8th Edition

Authors: William Boyes, Michael Melvin

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