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Expenditure multiplier in an open economy

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What would the expenditure multiplier in an open economy without government spending or taxes where the MPC is 0.8 and the MPm is 0? Where the MPm is 0.1? Where the MPm is 0.5? Where the MPm is 0.7? Where the MPm is 0.9? Briefly interpret the results.

Reference no: EM132550770

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