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Economics
Macro Economics: Determination of Income and Employment
What will be the value of investment multiplier if, MPS is equal to zero?
1
0
∞
None of the above
Investment multiplier:
k= \(\frac{ 1}{ \text 1 - MPC}\) OR
k= \(\frac{ 1}{ MPS}\)
k= \(\frac{ 1}{0 }\)
k= ∞