Question: 1 . /10) Key Concepts (Topic 3.2) Define and explain each concept. Give a specific numerical example using $100: a. Marginal Propensity to Consume and


1 . /10) Key Concepts (Topic 3.2) Define and explain each concept. Give a specific numerical example using $100: a. Marginal Propensity to Consume and Marginal Propensity to Save ( 15) b. The Multiplier Effect and Spending Multiplier ( 15)
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