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Economics
Macroeconomics
Consumption Theory
Make MPC the subject formula in C=a+MPC(Y)
1 answer
MPC = (C - a) / Y
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Make MPC the subject formula in C=a+MPC(Y). (Show the steps)
IF income was transferred from individuals with a low MPC to those with a high MPC, aggregate demand would:
a) Increase. b)
Proof that
A. Tax multiplier =-mpc/1-mpc B. Government multiplier =1/1-mpc
1. Proof that
A. tax multiplier= -mpc/1-mpc B. government multiplier = 1/1-mpc
