Multiple Choice
Assume that in a particular economy the MPC = 0.64 and the MPM = 0.14.
-Refer to the above graph to answer this question.What is the value of the multiplier in this economy?
A) 1.5.
B) 1.67.
C) 2.
D) 4.
E) Cannot be determined.
Correct Answer:
Verified
Correct Answer:
Verified
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