A Tax Reduction of a Specific Amount Will Be More

question 87

Multiple Choice

A tax reduction of a specific amount will be more expansionary the

• A)smaller is the economy's MPC.
• B)larger is the economy's MPC.
• C)smaller is the economy's multiplier.
• D)less is the economy's built-in stability.

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Definitions:

Affirmative Action

Policies or measures intended to improve opportunities for historically underrepresented or marginalized groups in education, employment, and beyond.

Social-structural Conditions

The overarching framework and organizing patterns of society that influence individual and group behaviors, opportunities, and social relationships.

Economic Success

A measure of financial achievement and stability, often indicated by income, employment, and wealth, reflecting an individual's or nation's prosperity.

Ethnic Groups

Groups of people who share common ancestry, language, religion, customs, or combination of such characteristics.