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Please explain how to get the answer of this question step by step. Thanks in advance If the consumption function for a closed economy with
Please explain how to get the answer of this question step by step.
Thanks in advance
If the consumption function for a closed economy with no government is C O the marginal propensity to consume is 0.25. O the multiplier is 4 O the multiplier is 1/0.75 O the marginal propensity to save is 1/0.75 = 250 + 0.75Y
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