Question
Q- I want to understand what would the expenditure multiplier in an open economy without government spending or taxes where the MPC is 0.8 and
Q- I want to understand what would the expenditure multiplier in an open economy without government spending or taxes where the MPC is 0.8 and the MPm is 0? Where the MPm is 0.1? Where the MPm is 0.5? Where the MPm is 0.7? Where the MPm is 0.9?
I also want to know brief interpret the results.
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Microeconomics
Authors: Jeffrey M. Perloff
8th edition
134519531, 978-0134519531
