In a closed economy; the marginal propensity to consume is 0.6 and the average propensity to consume 0.8. The value of the multiplier is? by Sunday | Oct 28 | Economics JAMB | 0 comments A. 2.5 B. 2.6 C. 2.7 D. 2.4 Correct Answer: Option A – 2.5 Users Also Read These:If the marginal propensity to consume is 0.6 and…The income of an individual increases from N150 to…If the marginal propensity to save is 0.8; calculate…A fall in the marginal propensity to save will lead to?In the theory of production and cost, the average…