What is the relationship between the mpc and the multiplier

Reference no: EM131303785

1. What is the multiplier? Briefly describe the multiplier effect. What is the MPC? What is the relationship between the MPC and the multiplier?

2. What is the IS curve? What causes a movement along the IS curve? What causes the IS curve to shift? 3. What is potential GDP? What is the output gap?

Reference no: EM131303785

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