Assuming the marginal propensity to consume (MPC) value is 0.4, calculate the economic multiplier and total economic
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Assuming the marginal propensity to consume (MPC) value is 0.4, calculate the economic multiplier and total economic impact of an infrastructure investment of $25 million on the state economy of Mississippi. Note, you are to use the economic multiplier equation of 1/1-MPC.
Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells , Iris Au , Jack Parkinson
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