If the Keynesian multiplier is defined as 1/ (1-c) where c is the proportion of income that is consumed, then when c increases, a. the multiplier decreasesb. income declines c. the multiplier increases d. investment increases

If the Keynesian multiplier is defined as 1/ (1-c) where c is the proportion of income that is consumed, then when c increases, a. the multiplier decreasesb. income declines c. the multiplier increases d. investment increases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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