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If the Marginal Propensity to Consume (MPC) Is 0

Question 94

Multiple Choice

If the marginal propensity to consume (MPC) is 0.8, the simple spending multiplier is ____

A) 1/0.8.
B) 1/0.4.
C) 1/0.2.
D) 1/8.
E) 8.

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