If Trent's MPC Is

question 75

Multiple Choice

If Trent's MPC is .80,this means that he will:

• A) spend eight-tenths of any increase in his disposable income.
• B) spend eight-tenths of any level of disposable income.
• C) break even when his disposable income is $8,000.
• D) save two-tenths of any level of disposable income.

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Definitions:

Eli Terry

An American clockmaker from the early 19th century, known for his role in developing mass production techniques in clockmaking, significantly impacting the industry.

German Immigrants

Individuals from Germany who migrated to another country, significantly impacting the cultural and social composition of their new communities, especially in the 19th and early 20th centuries.

Craftsmen

Skilled workers who create products using their hands, often employing traditional techniques in various trades such as carpentry, metalwork, or weaving.

Shopkeepers

Individuals who own or operate retail businesses, selling goods to the public in shops or similar establishments.