Assume the MPC Is

question 148

Multiple Choice

Assume the MPC is .8.If government were to impose $50 billion of new taxes on household income, consumption spending would decrease by:

• A)$100 billion.
• B)$40 billion.
• C)$90 billion
• D)$50 billion.

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Definitions:

Pollution Control

Measures and strategies implemented to reduce or eliminate the release of pollutants into the environment in order to protect human health and the natural world.

Earth-Centred

A perspective or philosophy that emphasizes the importance of Earth's ecosystems and the intrinsic value of all living and non-living components of the planet.

Intrinsic Values

refers to the inherent worth of something, independent of its utility to humans.

Instrumental Values

Refers to the values or beliefs that are a means to an end, emphasizing the usefulness of something for achieving objectives.