Question
If the marginal propensity to consume is 0.60 , what is the multiplier, assuming there are no taxes or imports? Round to the tenths place.
If the marginal propensity to consume is 0.60 , what is the multiplier, assuming there are no taxes or imports? Round to the tenths place. Given the multiplier that you calculated, by how much will gross domestic product (GDP) increase when there is a $1,000 increase in government spending?
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
