3. Assuming no taxes and no trade, the multiplier is equal to: a. MPC b. 1 1...

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3. Assuming no taxes and no trade, the multiplier is equal to:

a. MPC b.

1 1 - MPC

c. 1 1 + MPC d.

1 MPC

e. 1 - MPC

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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