The Marginal Propensity to Consume Out of a Temporary Change

question 31

Multiple Choice

The marginal propensity to consume out of a temporary change in income is approximately:

• A)1
• B)0.5
• C)0
• D)none of the above.

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Definitions:

Absolutism

A political theory or form of government in which absolute power is vested in a single ruler or authority.

Exoneration

The legal process through which someone is officially freed from blame or found not guilty of a crime they were accused of.

Ethical Absolutism

The belief in fixed, universal principles of morality that apply to all cultures and individuals regardless of context or circumstances.

Eternal Law

In philosophical and theological doctrine, the unchangeable truth or divine wisdom that governs the universe and is the foundation for all temporal laws.