Economy, asked by ammu8878, 10 months ago

If the consumption function of an economy is C = 100+0.4Y, then find out value of multiplier

Answers

Answered by payalchauhan2401

0

Explanation:

K= 1/1-MPC

K = 1 ÷ MPS

K = 1 ÷ 0.6

K= 1.6

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