The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

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Answer 1

Question

Chapter 23, Problem 9P

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The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

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Answer 2

Question

Chapter 23, Problem 9P

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To explain:

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

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Answer 3

Question

Chapter 23, Problem 9P

To determine

To explain:

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

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Answer 4

Question

Chapter 23, Problem 9P

To determine

To explain:

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

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Answer 5

Chapter 23, Problem 9P

To determine

To explain:

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

Answer 6

Chapter 23, Problem 9P

To determine

To explain:

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

Answer 7

Chapter 23, Problem 9P

To determine

To explain:

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 23 - Prob. 1P Ch. 23 - Prob. 2P Ch. 23 - Prob. 3P Ch. 23 - Prob. 4P Ch. 23 - Prob. 5P Ch. 23 - Prob. 6P Ch. 23 - Prob. 7P Ch. 23 - Prob. 8P Ch. 23 - Prob. 9P Ch. 23 - Prob. 10P

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

Solution Summary: The author explains the reason behind an economy with an MPC greater than 1 cannot reach a stable equilibrium in the aggregate expenditure model.

To explain:

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

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Chapter 23 Solutions

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

Solution Summary: The author explains the reason behind an economy with an MPC greater than 1 cannot reach a stable equilibrium in the aggregate expenditure model.

To explain: The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.

Want to see the full answer?

Chapter 23 Solutions

To explain:

The reason behind an economy with an MPC greater that 1 cannot reach a stable equilibrium in the aggregate expenditure model.