Given the marginal propensity to consume (MPC), the miltiplier is given by
Multiplier = 1 / (1 - MPC)
Given that the marginal propensity to consume is 0.8, the multiplier is given by
Multiplier = 1 / (1 - 0.8) = 1 / 0.2 = 5
1 - 5x < 24
Hope this helps you
Brainliest would be appreciated
-AaronWiseIsBae
X=8 I’m not that to sure but hope i helped!
Hi.
If I had to say, I think I would say that is True.
Sorry if I'm wrong, but I really think it's true...