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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 11
Mathematically, the value of the tax multiplier in terms of the marginal propensity to consume (MPC) is given by the formula
A) MPC ? 1.
B) (MPC ? 1) MPC.
C) 1/MPC.
D) 1? [1/(1 ? MPC)].
A) MPC ? 1.
B) (MPC ? 1) MPC.
C) 1/MPC.
D) 1? [1/(1 ? MPC)].
Explanation
Verified
Verified
Multiplier can be written as follows: 
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Economics for Today 9th Edition by Irvin Tucker
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