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The following table illustrates the multiplier process in a private closed economy Change in Change in Change in income consumption saving Assumed increase in $20
The following table illustrates the multiplier process in a private closed economy Change in Change in Change in income consumption saving Assumed increase in $20 $ $4 investment Second round $12.80 All other rounds tA $51.20 Totals $ $20 Refer to the above table. The marginal propensity to consume is: Multiple Choice 9 O 8 O 75 O 5
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