Question
The marginal propensity to consume (MPC) is 0.75, marginal propensity to invest (MPI) is 0.3, and the marginal propensity to import (MPM) is 0.2. What
The marginal propensity to consume (MPC) is 0.75, marginal propensity to invest (MPI) is 0.3, and the marginal propensity to import (MPM) is 0.2. What is the size of the multiplier?
Explain what this measure means (show by an example)
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Macroeconomics
Authors: Christopher T S Ragan
15th Edition
013391044X, 978-0133910445
