If $1,000 of Additional Spending Occurs and the Marginal Propensity

question 202

Multiple Choice

If $1,000 of additional spending occurs and the marginal propensity to consume is 0.8, the total effect on the economy is an increase of _____ in income or output.

• A) $800
• B) $1,000
• C) $5,000
• D) $8,000

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Definitions:

Race-Conscious Admissions

Race-conscious admissions are policies or practices implemented by educational institutions to consider an applicant's race as one factor among many during the admissions process, often to promote diversity.

Highly Privileged Students

Students who come from backgrounds of significant socioeconomic advantage, often leading to disparities in educational opportunities and outcomes.

Shamus Khan

An American sociologist known for his work on inequality, privilege, and the sociology of elites, particularly through his ethnographic research.

Oppositional Culture

A sociological term referring to the adoption of behaviors and beliefs that oppose the dominant social norms, often used to describe minority groups in educational contexts.