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According to Keynes, wealth or credit is a factor that affects consumption. An example of wealth is an increase in expected future income. a decline
According to Keynes, wealth or credit is a factor that affects consumption. An example of wealth is an increase in expected future income. a decline in interest rates. an increase in economic output. an increase in the value of stocks. The multiplier effect tends to generate instability. promote stability of the general price level. magnify small changes in spending into much larger changes in real GDP. increase the MPC
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