macroeconomic formulas Flashcards
1
Q
multiplier
A
change in national income /intial change in government spending
2
Q
size of the multiplier
A
1/ 1-MPC = 1/MPS
macroeconomics > macroeconomic formulas > Flashcards
multiplier
change in national income /intial change in government spending
size of the multiplier
1/ 1-MPC = 1/MPS