Consider a Simple Macro Model with a Constant Price Level

question 65

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.In the extreme situation where the marginal propensity to spend is zero,the simple multiplier is

• A)zero.
• B)a positive number between zero and one.
• C)one.
• D)a positive number greater than one but less than infinity.
• E)infinitely large.

---

Definitions:

Republican Party Leaders

Individuals holding significant positions of authority and influence within the Republican Party, shaping its policies, strategies, and electoral engagements.

Republican Coalition

A political alliance within the United States Republican Party, bringing together various factions and interests groups within the party.

Southern Extremists

Individuals or groups in the southern United States who hold radical views, often associated with aggressive advocacy for certain ideologies or resistance to change.

Secession

The act of withdrawing from an affiliation, union, or federation, notably as practiced by Southern states leading to the American Civil War when they left the Union to preserve slavery and states' rights.