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1) Explain what the multiplier represents 2) Discuss and explain what effect a reduction in the marginal propensity to consume has on the size of
1) Explain what the multiplier represents
2) Discuss and explain what effect a reduction in the marginal propensity to consume has on the size of the multiplier
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
