Question
What is the economic situation of an economy that is operating below full employment? What is the spending multiplier when the marginal propensity to consume
What is the economic situation of an economy that is operating below full employment?
What is the spending multiplier when the marginal propensity to consume (MPC) is 0.8? I got 5
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Economics for Environmental Studies A Strategic Guide to Micro and Macroeconomics
Authors: Alfred Endres, Volker Radke
1st edition
364231192X, 3642311925, 9783662548264, 3662548267, 978-3642311925
