Question #135829
In the simple Keynesian model without a government or foreign trade, assuming the MPC is 0.70. The multiplier is
[1] 1-0.7/1
[2] 1/0.7
[3] 1/1-0.7
[4] 1-0.3/1
[1] 1-0.7/1
[2] 1/0.7
[3] 1/1-0.7
[4] 1-0.3/1
Expert's answer
[3] 1/1-0.7
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#339914 on Dec 2023
#339914 on Dec 2023
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