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2. In each of the following cases, calculate the values of MPC, MPW, and the spend- ing multiplier: a. A $1 million increase in income

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2. In each of the following cases, calculate the values of MPC, MPW, and the spend- ing multiplier: a. A $1 million increase in income leads to a $350 000 rise in consumption on domestic items. b. A $4 million decrease in income results in a $1 million drop in consumption on domestic items. c. A $5 million decrease in income causes a $3 million drop in withdrawals

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