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Question 7. Please refer to the images below. I know Marginal Propensity to Consume = MPC = ?c/?y And I think the investment multiplier is
Question 7. Please refer to the images below.
I know Marginal Propensity to Consume = MPC = ?c/?y
And I think the investment multiplier is derived by the formula 1/(1-MPC)
Other than that I am lost.
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