Examlex

Solved

If the Value of the Marginal Propensity to Consume (MPC)is

question 179

Multiple Choice

If the value of the marginal propensity to consume (MPC) is 0.90, the value of the spending multiplier is:


Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to unify business laws across states.

Statute of Frauds

This refers to a legal concept requiring certain types of contracts to be in writing and signed in order to be legally enforceable.

Prenuptial Agreement

A legal contract entered into before marriage specifying the distribution of assets and financial responsibilities in the event of divorce or death.

Donee Beneficiary

A third party who benefits from a contract in which a promisor agrees to give a gift to the third party.

Related Questions