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Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457 Exercise 3
If the marginal propensity to consume ( MPC ) is 0.60, the value of the spending multiplier is
A) 0.4.
B) 0.6.
C) 1.5.
D) 2.5.
A) 0.4.
B) 0.6.
C) 1.5.
D) 2.5.
Explanation
Verified
Verified
Given MPC = 0.60; 
T...
Economics for Today 7th Edition by Irvin Tucker
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