The answer is: 1/(1 - MPC). What is the question?

A) What is the marginal propensity to save?
B) What is the efficiency wage model?
C) What does consumption equal if the economy is in equilibrium?
D) What is the multiplier?
E) What does disposable income equal if the economy is in equilibrium?


D

Economics

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Use the data in the Worked Problem on p. 287 (page 699 in Economics). Calculate the change in equilibrium expenditure when investment decreases by $150 billion

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A transfer payment is a payment by the government to an individual

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