Answered: If the multiplier is 10,

Business

Economics

If the multiplier is 10,

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.3P

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Question

If the multiplier is 10,

A) MPS is 0.1

B) MPC is 0.9

C) Both a and b are correct answers

D) None of the above

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