Fill in the missing cells in the following table.
Answer to relevant QuestionsSuppose investment spending increases by $200 and MPC = 0.90. Calculate the effect of that increase on the first five rounds of changes in income, changes in consumption, and changes in saving. Illustrate these changes by ...Who are discouraged workers? Underemployed workers? Are they counted as part of the labor force? As part of the unemployed? How does the BLS determine who is unemployed? Explain how interactions of the multiplier and accelerator generate cycles of national income. You have to have a workable investment project to make a profit. That's under your control. But political risk, which affects profitability of any project, is not under your control. Explain. What is "near" money?
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