On what does the concept of multiplier depend ?
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The multiplier effect
The multiplier effectThe size of the multiplier depends upon household's marginal decisions to spend, called the marginal propensity to consume (mpc), or to save, called the marginal propensity to save (mps). ... Hence, the multiplier is 5, which means that every £1 of new income generates £5 of extra income
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the concept of multiplier depends upon households marginal decisions to
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