MPC stands for "marginal propensity to consume," which refers to a rise in consumer spending for every unit of income level achieved.
Marginal propensity to save (MPS) is the percentage of a person's income that they put away for savings for every unit that their income level rises.
Spending multiplier = Increase in income level for each unit increase in autonomous spending = 1/(1-MPC) = 1/MPS Spending multiplier = Increase in income level for each unit increase in autonomous expenditure. This is further explained below.
<h3>What is a multiplier?</h3>
Generally, the amount by which the return on investment is greater than the investment itself is referred to as the investment's return on investment (ROI).
In conclusion, Marginal propensity to save (MPS) is the percentage of a person's income that they put away for savings for every unit that their income level rises.
Read more about multiplier
brainly.com/question/23536361
#SPJ1
The correct answer to this open question is the following.
Although you did not attach options for this question, we can say the following.
The original (first) covenant God made with Abraham was the promise of God to bless the descendants of Abraham. God blessed Abraham and told him that he was going to be the "father" or leader of many tribes. In Genesis, the first book of the Old Testament, God told Abraham to travel to the promised land of Cannan, but he had to make sure that his people would be faithful and loyal to God.
In comparison, the Second Covenant is the one that is referred to in the New Testament, when God, who loves his creatures, sent his own son Jesus to help humans. God promises humans that he will forgive all their sins if they followed Jesus' teachings.
Answer:
3
Explanation:
(1/3x-1/6y)×18=4×18 ⇒ 6x-3y=72
6x-ay=8 if a=3 ⇒ 6x-3y=8
72≠8
a=3 ⇒ system has no solution
