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vellojo vellojo
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7 years ago
An estimate of the MPC in the U.S. is 0.80. 

Paul Krugman, the 2008 Nobel Prize winner in economics,  stated, "... you’d be hard pressed to argue for an overall multiplier as high as 2."   (www.nytimes.com, 11/10/2008)

What factors could explain the difference between the MPC and Krugman's estimate of the multiplier?
A) investment and imports.
B) imports and taxes.
C) exports and investment.
D) taxes and investment.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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#2
7 years ago
Checks out after I submitted my assignment Smiling Face with Open Mouth
Studying economics @ Edinburgh U
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