Question
If in an economy a $150 billion increase in investment spending creates $150 billion of new income in the first round of the multiplier process
If in an economy a $150 billion increase in investment spending creates $150 billion of new income in the first round of the multiplier process and $105 billion in the second round, what is the multiplier and the marginal propensity to consume will be, respectively,
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An Introduction To Statistical Methods And Data Analysis
Authors: R. Lyman Ott, Micheal T. Longnecker
7th Edition
1305269470, 978-1305465527, 1305465520, 978-1305269477
