what is investment multiplier and what can be its minimum and max. value?
Asked by dwivediastha717
5th March 2018,
6:48 PM
Answered by Expert
Answer:
The maximum value of multiplier is infinity when the value of MPC is 1. It implies that the economy is consuming the entire additional income.
The minimum value of multiplier is one when the value of MPC = 0. It implies that the economy is saving the entire the additional income.
Answered by Expert
6th March 2018,
10:29 AM
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