The mpc for the closed economy with no government is 0.8

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Reference no: EM13979314

38. If the MPC for the closed economy with no government is 0.8, the:

A) MPS is 1/0.8.

B) the multiplier is 5.

C) the multiplier is 8.

D) the MPS is 0.4.

How do you get that the multiplier is 5? do i use the multiplier formula?

Reference no: EM13979314

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