Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
The value of the multiplier is equal to the inverse of the marginal propensity to save or M=1/MPS=1/(1-MPC)
|
If the marginal propensity to save is .4, the multiplier is M = 1/MPS = 1/0.4 = 2.5. |
- 1406 reads
