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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 5
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
Tax multiplier is the multipli...
Economics for Today 7th Edition by Irvin Tucker
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