Which of the following statement/statements are true?
Statement 1: Higher the value of MPC, lower the value of multiplier.
Statement 2: Higher the value of MPS, lower the value of multiplier.

Statement 2 is true and Statement 1 is false

Multiplier = \(\frac{1}{MPS}\) or \(\frac{1}{\text{1 – MPC}}\)
So, higher the value of MPC, higher the value of multiplier and higher the value of MPS, lower the value of multiplier.