The Cumulative Decrease in Total Spending Resulting from an Initial

question 80

True/False

The cumulative decrease in total spending resulting from an initial decrease in expenditures is equal to the initial decrease multiplied by 1 ÷ MPC.
The cumulative decrease in total spending resulting from an initial decrease in expenditures is equal to the initial decrease multiplied by 1 ÷ (1 - MPC).

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