Describe the Development in the North as a Result of the Civil

question 77

Essay

Describe the development in the North as a result of the Civil War. What effect did the absence of southern members of Congress have on the economic agenda of northern Republicans?

---

Definitions:

Aggregate Demand

The cumulative demand for every service and product in an economic system, measured at an overall given price level for a specific time frame.

Marginal Propensity to Consume

The proportion of an increase in income that an individual or population spends on goods and services as opposed to saving.

MPC

Stands for Marginal Propensity to Consume, which measures the portion of additional income that an individual spends on consumption.

Multiplier Value

A factor that quantifies the impact of a change in some economic activity on the rest of the economy.