Question
If the marginal propensity to consume (MPC) in a closed economy is equal to 0.6 then the multiplier (MT) for the economy is: a. MT
If the marginal propensity to consume (MPC) in a closed economy is equal to 0.6 then the multiplier (MT) for the economy is:
a. MT = 0.4
b. MT = 0.6
c. MT = 1.6
d. MT = 2.5
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World Economic And Social Survey 2012 In Search Of New Development Finance
Authors: United Nations Department Of Economic And Social Affairs
1st Edition
9210555112, 9789210555111
