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What would be the likely multiplier effect of an increase in government expenditure if marginal propensity to consume is a) low b) high?
What would be the likely multiplier effect of an increase in government expenditure if marginal propensity to consume is a) low b) high?
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Macroeconomics
Authors: Paul Krugman, Robin Wells
4th Edition
1464110379, 9781464110375
