The impact of the multiplier effect depends on the size of the initial change in expenditures.
Answer the following statement true (T) or false (F)
True
The impact of the multiplier effect depends on both the initial change in spending and the MPC value because the MPC value is used to calculate the multiplier. Multiplier=1/(1-MPC).
Economics
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All of the following are sources of increasing returns and economies of scale except:
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Economics