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Essentials of Economics 8th Edition by Bradley Schiller
Edition 8ISBN: 978-0073511399Essentials of Economics 8th Edition by Bradley Schiller
Edition 8ISBN: 978-0073511399 Exercise 15
If the marginal propensity to save is 0.05, how large is the multiplier? If the marginal propensity to save doubles to 0.10, what happens to the multiplier?
Explanation
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The multiplier is calculated using the f...
Essentials of Economics 8th Edition by Bradley Schiller
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