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Why tax multiplier is always be smaller than govt spending multiplier?
If the full multiplier for G (i.e. ignoring crowding out effects) is = change in G/Multiplier Then the tax multiplier is = change in T x marginal propensity to consume/multiplier since the mpc is between 0 and 1 the tax multiplier is less. Intuitively it is not difficult to see why, the change tax enters spending decisions through consumption and consumption is dependant on the mpc. Whereas as G affects spending decisions directly - it is a injection into the economy that does not have to work through some indirect source to have an effect on the economy.
What is The formula of time setting multiplier of relay?
The time setting multiplier of a relay is typically calculated using the formula: ( \text{Time} = \text{Setting} \times \text{Multiplier} ). Here, the "Setting" refers to the predetermined time setting on the relay, while the "Multiplier" is a factor that adjusts the setting based on specific operational conditions or relay characteristics. The exact values of the setting and multiplier will vary depending on the relay's design and application requirements.
What are the assumptions of Multiplier?
1- close economy 2- no full e 3-mployment 4-constant MPC
Is pulley a speed multiplier or a force multiplier?
force
Which part of the multiplication sentence tells how many times a number is multiplied?
The multiplier. The multiplicand is multiplied by the multiplier to create the product.
