Explain the relation between marginal propensity to consume and investment multiplier
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Explanation:
The relationship between the Marginal Propensity to Consume (MPC) and the Multiplier (K) The Multiplier (K) is the ratio of a change in National Income to the change in government spending that cause it. ... If the MPC is equal to 0.8, those people will spend GH₵ 4 Billion.
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Answer:
Explanation:
The relationship between the Marginal Propensity to Consume (MPC) and the Multiplier (K) The Multiplier (K) is the ratio of a change in National Income to the change in government spending that cause it. ... If the MPC is equal to 0.8, those people will spend GH₵ 4 Billion.
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