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In a Simple Macro Model Where the Marginal Propensity to Consume

question 100

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In a simple macro model where the marginal propensity to consume out of disposable income is 0.8,the net tax rate is 0.25,and the marginal propensity to import is 0.12,the simple multiplier will be

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Ratification

The formal approval or confirmation of an agreement, treaty, constitution, or law, making it officially valid and binding.

Southern Legislatures

The legislative bodies governing the states in the southern United States, particularly in reference to periods of significant historical context, such as during Reconstruction or the Civil Rights Movement.

Union Army

The Union Army was the land force that fought for the Northern states during the American Civil War (1861-1865).

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Pertaining to the fundamental principles or established precedents according to which a state is acknowledged to be governed.

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