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True or False With explanation In an aggregate expenditure model with no government or foreign sectors represented by C a bY and I where a and I are autonomous amounts an increase in the

True or False? With explanation. In an aggregate expenditure model with no government or foreign sectors, represented by C = a + bY and I (where a and I are autonomous amounts), an increase in the marginal propensity to consume (b) causes the multiplier to rise.

Apr 04 2020 View more View Less

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