"Whenever an investment is made in an economy, the effect is to increase
aggregate income not only by the amount of the original investment but by
something much more than it". Identify the formula which shows how many
times the effect of an initial change in investment is multiplied by causing
changes in consumption and finally in the aggregate income.
o cry
O S/Y
O 1/ (1 - MPC)
O 1/(1 - MPS)
O MPC + MPS
If total expenditure in the economy exceeds the value of full-employment level of
output at current prices, then the gap between the two is the
Answers
Answered by
2
Answer:
nbbcgdvdbdbdbBBC BBC BBCbdhdhdhdh
Similar questions