Mathematics, 18.10.2020 14:01 RiceLord9562

Badluckville had been expecting a $50 million investment for a new golf resort, but the contract was cancelled. Badluckville’s mayor estimates that this will cost the city $300 million in total economic activity. What is the mayor’s estimate of the multiplier and marginal propensity to consume?

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Badluckville had been expecting a $50 million investment for a new golf resort, but the contract was...