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An economy is believed to have a marginal propensity to tax of 0.25, a marginal propensity to import of 0.2, and a multiplier value
An economy is believed to have a marginal propensity to tax of 0.25, a marginal propensity to import of 0.2, and a multiplier value of 1.25. The value of the marginal propensity to consume is therefore: A 10.59 2 C D 0.02 0.2
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
