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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 12
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.
Explanation
Verified
Verified
The marginal propensity to consume (MPC)...
Economics for Today 9th Edition by Irvin Tucker
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