The Marginal Propensity to Consume (MPC)is Related to the Marginal

question 144

True/False

The marginal propensity to consume (MPC)is related to the marginal propensity to save (MPS)by the formula MPC = 1 - MPS.

---

Definitions:

Committee on Public Information

An independent agency of the U.S. government created during World War I to influence public opinion and promote support for the war through propaganda.

Civil Liberties

Fundamental rights and freedoms protected by law from governmental interference or deprivation.

Socialist Party

Political party demanding public ownership of major economic enterprises in the United States as well as reforms like recognition of labor unions and woman suffrage; reached peak of influence in 1912 when presidential candidate Eugene V. Debs received over 900,000 votes.

U.S. Soldiers

Members of the United States Armed Forces, particularly the Army, who serve and protect the country through military service.