The Smaller the MPC

question 42

Multiple Choice

The smaller the MPC:

• A)​the smaller the fraction of an increase in AD due to an increase in government purchases that is consumption.
• B)​the greater the fraction of an increase in AD due to an increase in government purchases that is consumption.
• C)​the greater the change in government purchases required to achieve a given change in AD.
• D)​(a) and (c)

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Definitions:

Elk v. Wilkins

A landmark U.S. Supreme Court case in 1884 that held that Native Americans who voluntarily quit their tribes did not automatically gain U.S. citizenship.

Fourteenth and Fifteenth Amendments

Amendments to the United States Constitution, adopted during the Reconstruction era, designed to secure rights for former slaves. The Fourteenth Amendment grants citizenship and equal protection under the laws, while the Fifteenth Amendment prohibits denying the right to vote based on race.

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An American explorer, geologist, and ethnologist, known for his pioneering expeditions down the Green and Colorado Rivers and his advocacy for conservation and responsible development of the American West.