If the Marginal Propensity to Consume (MPC) Is 7/8, the Simple

question 92

Multiple Choice

If the marginal propensity to consume (MPC) is 7/8, the simple spending multiplier is _____

• A) 1/8.
• B) 1/4.
• C) 4/5.
• D) 7/8.
• E) 8.

Recognize the role of secondary sources in interpreting and understanding the law.

Understand the structure and function of the U.S. legal system.

Recognize the importance of the doctrine of stare decisis in creating a stable and predictable legal system.

Identify the factors considered by courts in cases of first impression.

---

Definitions:

Democratic Administrations

Periods of governance in the United States where the Democratic Party controls the presidency and/or has significant influence in the legislative branch.

Committee on Administrative Management

A committee established to study and improve the organization and operations of the federal government.

President Needs Help

In the context of governance and political administration, this phrase suggests the idea that a President requires the support of advisors, cabinet members, and other government officials to effectively execute the duties of the office.

Executive Branch

Refers to the part of the U.S. government responsible for implementing and enforcing laws, led by the President.