saruggles3754 saruggles3754
  • 28-01-2024
  • Social Studies
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In a closed economy with no taxes, if the marginal propensity to consume is always 0.90, then the value of the output multiplier will be _______. (CAPF19-Q117)
(a) 10.00
(b) 1.00
(c) 0.90
(d) 0.10

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