10/20/2023 0 Comments What does mpc 2 stand for in economicsThe smallest of several measures of the stock of money in an economy, this consisting primarily of currency held by the public and demand deposits. In macroeconomic models M is more likely to represent the money supply. In microeconomic models involving international trade, M is usually chosen to represent imports, and X to represent exports, perhaps because I and E have too many other uses.ΔΆ.
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