In Our Simple Macro Model with Government and Foreign Trade,the

question 73

Multiple Choice

In our simple macro model with government and foreign trade,the marginal propensity to consume out of disposable income is ________ whereas the marginal propensity to consume out of national income is ________.

• A)MPC; MPC(1 - t)
• B)MPC(1 - t); MPC
• C)MPC(1 - t)- m; MPC(1 - t)
• D)MPC; MPC(1 - t)- m
• E)MPC(1 - t); MPC(1 - t)- m

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Definitions:

U.S. Clean Water Act

Legislation aimed at reducing pollution and protecting the quality of water in the U.S.

Sustainable Use

Utilizing natural resources in a way that does not deplete them for future generations and maintains ecological balance.

Decentralization

The process of redistributing or dispersing functions, powers, people, or things away from a central location or authority.

Water Supplies

The sources and systems involved in collecting, treating, and delivering water for personal, agricultural, and industrial use.