If the Marginal Propensity to Save Is 0

question 122

True/False

If the marginal propensity to save is 0.2,the multiplier will be 5.

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Definitions:

Logarithmic Equation

An equation involving logarithms, where the variable is located within the logarithm.

Logarithm

A logarithm is the power to which a number, called the base, must be raised to produce a given number.

Fraction

A numerical quantity that is not whole, representing a part of a whole.

Inverse Function

A function that reverses the effects of another function, such that the composition of the two functions yields the identity function.