Assume that in a particular economy the MPC = 0.64 and the MPM = 0.14.
-Refer to the above graph to answer this question.What is the value of the multiplier in this economy?
A)1.5.
B)1.67.
C)2.
D)4.
E)Cannot be determined.

Question

Quizplus · Accepted Answer

The Answer of Assume that in a particular economy the MPC = 0.64 and the MPM = 0.14.
-Refer to the above graph to answer this question.What is the value of the multiplier in this economy?
A)1.5.
B)1.67.
C)2.
D)4.
E)Cannot be determined.

Assume That in a Particular Economy the MPC = 0