Explain why MPC lies between '0' and '1'
Answers
Answered by
4
♡♡HEY MATE♡♡
○●Since the MPC is always greater thanzero and less than one (i.e. ), the multiplier is always between one and infinity ( ). If the multiplier is one, it means that the whole increment of income is saved and nothing is spent because the MPC is zero.●○
《☆HOPE IT HELPS☆》
#BEBRAINLY■■♡♡
○●Since the MPC is always greater thanzero and less than one (i.e. ), the multiplier is always between one and infinity ( ). If the multiplier is one, it means that the whole increment of income is saved and nothing is spent because the MPC is zero.●○
《☆HOPE IT HELPS☆》
#BEBRAINLY■■♡♡
Similar questions