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Answer to Question #185165 in Macroeconomics for Jomiya

Question #185165

If autonomous consumption is 6.264, and the marginal propensity to save is 0.061, then the change in total spending is???


1
Expert's answer
2021-04-28T07:40:49-0400

The change in total spending is represented by the Multiplier: "M = \\frac{1}{0.061} = 16.39"


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