What is the value of multiplier, if the MPC is 0.7 a) 4 b) 7.5 c) 5 d) 0.75 e) 0.04

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.4P
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What is the value of multiplier, if the MPC is 0.75
a) 4
b) 7.5
c) 5
d) 0.75
e) 0.04
Transcribed Image Text:What is the value of multiplier, if the MPC is 0.75 a) 4 b) 7.5 c) 5 d) 0.75 e) 0.04
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