Equilibrium income is where total spending matches total output, and with an MPC of 0.8, the multiplier is 5. But these clean numbers feel distant from the wards. What is "aggregate demand" to a family like mine, where one nurse's income is the entire supply? Our stability hangs on a single salary, not a formula. The multiplier works in theory, but in life, a small leak in our roof can unravel a whole month's careful equilibrium.
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