If the MPC Is 0

question 89

Multiple Choice

If the MPC is 0.70, then the spending multiplier is equal to:

• A)0.70.
• B)0.30.
• C)0.14.
• D)3.33.
• E)5.

---

Definitions:

Scientific Socialist

An individual who advocates for socialism using scientific analysis of society and economy, typically associated with the approaches of Karl Marx and Friedrich Engels.

Utopian Socialist

Refers to early social theorists and thinkers who envisioned ideal societies with perfect equality and social justice, without the class divisions that characterized the industrial society of their time.

Etienne Cabet

A French philosopher and socialist who advocated for communal living and is known for his utopian novel "Voyage to Icaria."

Voyage to Icaria

A utopian work and a social experiment envisioned by Étienne Cabet, portraying an ideal society on a fictional island, reflecting communist ideologies.