In an Economy with No Income Taxes or Imports, the Multiplier

question 399

Multiple Choice

In an economy with no income taxes or imports, the multiplier equals

• A) 1/MPS.
• B) 1/1 - MPS).
• C) 1/MPC.
• D) 1/MPC + MPS).

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Definitions:

Secondary Ideologies

Refers to subsets of core beliefs and values specialized within a broader ideology, often dealing with specific issues or contexts.

Primary Ideology

The fundamental set of beliefs and values that underpin and shape the culture and social structure of a society or group.

Material Contradictions

This term highlights the conflicting interests or characteristics inherent within the physical or economic aspects of society, leading to tensions or changes.

Historical Materialism

A Marxist framework that examines social and economic development through the lens of material conditions and class struggle, positing that economic base shapes societal superstructure.