Value of MPC when MPS is zero
Determine the value of MPC whenever MPS is zero? Answer: Whenever MPS = 0, MPC = 1 – 0 = 1.
Determine the value of MPC whenever MPS is zero?
Answer: Whenever MPS = 0, MPC = 1 – 0 = 1.
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
Describe Aggregate Expenditure model and also state AD/AS model?
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Government tax and transfer payments generally
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
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