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(Solved): Consider a simple economy. If the marginal propensity to consume is 0.8 and the marginal propensity ...
Consider a simple economy. If the marginal propensity to consume is 0.8 and the marginal propensity to import is 0.2, then what is the value of the expenditure multiplier?
Question 3 options:
2.5
3.5
3
2