In Our Simple Macro Model with Government and Foreign Trade,the

question 73

Multiple Choice

In our simple macro model with government and foreign trade,the marginal propensity to consume out of disposable income is ________ whereas the marginal propensity to consume out of national income is ________.

• A)MPC; MPC(1 - t)
• B)MPC(1 - t); MPC
• C)MPC(1 - t)- m; MPC(1 - t)
• D)MPC; MPC(1 - t)- m
• E)MPC(1 - t); MPC(1 - t)- m

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Definitions:

Search Warrant

A legal document authorized by a court that allows law enforcement to conduct searches of property and seize evidence.

Law Enforcement

Law enforcement refers to governmental agencies and officers responsible for maintaining public order, preventing and detecting crime, and enforcing laws.

Court Order

A formal, written directive issued by a judge or court that requires a party to do or refrain from doing something.

Checks and Balances

A system that ensures no single branch of government becomes too powerful, by providing each branch with powers to limit or check the others.