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Marginal propensity to consume (MPC) : Mathy Version of MPC and Multiplier (optional)

Sal Khan

Abstract

Consumption function. Marginal propensity to consume and multiplier. Keynesian Cross and IS-LM model. If you earn a $1, you might spend some fraction of it. This can then be income for someone else. This can keep going. In this tutorial, we'll explore how

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