Why can't an economy with an MPC greater than one reach a stable equilibrium in the aggregate

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Why can't an economy with an MPC greater than one reach a stable equilibrium in the aggregate expenditure model?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:52 AM

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Why can't an economy with an MPC greater than one reach a stable equilibrium in the aggregate

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