If the government 40 M on buildıng a new highway calculate the multiplier and total new income given the following. MPC 85 MPS 1 MPC .6 Multiplier 4.8

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 5.12P
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If the government 40 M on building a new highway calculate the multiplier and total new income qiven the following.
MPC .85
MPS .1
MPC .6
Multiplier 4.8
Transcribed Image Text:If the government 40 M on building a new highway calculate the multiplier and total new income qiven the following. MPC .85 MPS .1 MPC .6 Multiplier 4.8
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