Exhibit 9-9 -The Simple Multiplier Equals

question 68

Multiple Choice

Exhibit 9-9
-The simple multiplier equals

• A)the marginal propensity to consume
• B)the marginal propensity to save
• C)the reciprocal of the marginal propensity to save
• D)the reciprocal of the marginal propensity to consume
• E)one minus the marginal propensity to consume

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Definitions:

Homestead Act

A US law enacted in 1862 that provided 160 acres of public land for free to any adult who paid a small registration fee and agreed to live on and cultivate the land for at least five years.

Fenians

A secret 19th-century Irish nationalist organization aiming for the establishment of an independent Irish Republic.

Carpetbaggers

Derogatory term for Northerners who moved to the South after the U.S. Civil War, perceived to be exploiting the region.

Corruption

The abuse of entrusted power for private gain, which can occur in both public and private sectors, undermining trust and efficiency.