EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Question
Chapter 9, Problem 5.10PA
To determine
The increase in the government expenditure required to increase the real
Concept Introduction:
Marginal Propensity to Consume (MPC) - It refers to the fraction of the disposable income which is spent as induced consumption or personal consumption spending consequent upon an increase in the personal income of the consumers.
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