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Which of the following is the correct formula for the spending multiplier?
A) (1 ? MPC)/1.
B) 1/(1 ? MPC).
C) MPS/(1 ? MPC).
D) 1/MPC.
A) (1 ? MPC)/1.
B) 1/(1 ? MPC).
C) MPS/(1 ? MPC).
D) 1/MPC.
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The marginal propensity to consume (MPC)...
Economics for Today 9th Edition by Irvin Tucker
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