In August of 1945,the First Resolution Passed by the United

question 24

Multiple Choice

In August of 1945,the first resolution passed by the United Nations was concerned with ________.

• A)a way to end World War II
• B)how to completely eliminate nuclear weapons
• C)peace in the Middle East
• D)food aid to poorer nations
• E)how to stop the civil war in China

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Definitions:

Marginal Propensity

The incremental change in spending (consumption or saving) that occurs with a change in disposable income.

Multiplier

An economic factor that quantifies the impact of a change in investment, government spending, or other financial activity on the overall economy.

Marginal Propensity

Refers to the increase in personal consumer spending that occurs with an increase in disposable income.

Aggregate Expenditure

The total amount spent on goods and services in an economy at a given level of income during a specific period.