Question
If a $200 billion increase in investment spending creates $200 billion of new income in the first round of the multiplier process and $180 billion
If a $200 billion increase in investment spending creates $200 billion of new income in the first round of the multiplier process and $180 billion in the second round, the MPS in the economy is
- 0.1.
- 0.9.
- 0.8.
- 0.5.
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
15th edition
133457230, 978-0133457230
