Economy, asked by jkg381, 2 months ago

Explain, using graphical representation, that the value of multiplier increases with

increase in the value of MPC.

(Hint: You have to draw two sets of two curves with different slopes)​

Answers

Answered by kashanqamar6
0

Answer:

The answer is in the picture which shows that when we use mpc=0.3, the multiplier is 1.42 and when we use mpc=0.7, so the multiplier increases to 3.33 with the graphical representation.

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