Marginal propensity to consume-millionaire and poor person
Question: Suppose the government increases education spending by $20 billion. How much additional consumption will this increase cause? Would a millionaire and a poor person have the same MPC? Show your work.
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Q. What is the value of the multiplier? Q. Explain why the multiplier is related to the slope of the consumption function.
Suppose the government increases education spending by $20 billion. How much additional consumption will this increase cause? Would a millionaire and a poor person have the same MPC? Show your work.
Complete the following: Servant Leadership Questionnair.
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