The marginal propensity to consume (MPC) in an economy is 0.7. Explain what this means and calculate the multiplier for

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answerhappygod
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The marginal propensity to consume (MPC) in an economy is 0.7. Explain what this means and calculate the multiplier for

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The marginal propensity to consume (MPC) in an economy is 0.7.
Explain
what this means and calculate the multiplier for this economy.
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