Suppose the marginal propensity to consume increases from, Ask an Expert

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Suppose the marginal propensity to consume increases from 0.66 to 0.87. The value of the expenditure multiplier will increase from {__} to {__}.( enter you respones rounded to two decimal places.) When the value of the multiplier increases all else a change in expenditure will raise aggregate expenditure by ( a smaller, or a larger, or the same )amount .

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91924629

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