What is the value of multiplier ?
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The multiplier is the reciprocal of one minus marginal propensity to consume. ... As we know that saving is equal to income minus consumption, one minus marginal propensity to consume will be equal to marginal propensity to save, that is, 1 – MPC = MPS. Therefore, multiplier is equal to 1/ 1- MPC =1/MPC.
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