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Description: Assuming there is no government or foreign sector, if the multiplier is 5, the MPC isSelect one:a. 0.4.b. 5.C. 0.8.d. 0.5.

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Assuming there is no government or foreign sector, if the multiplier is 5, the MPC is Select one: a. 0.4. b. 5. C. 0.8. d. 0.5.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy

Section10.2: The Simple Keynesian Model

Problem 2ST

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Assuming there is no government or foreign sector, if the multiplier is 5, the MPC is
Select one:
a. 0.4.
b. 5.
C. 0.8.
d. 0.5.

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