If the Spending Multiplier Is 8, Then the Marginal Propensity

question 159

True/False

If the spending multiplier is 8, then the marginal propensity to consume must be 7/8.

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Definitions:

Black Schools

Black schools were educational institutions specifically for African American students, particularly during segregation in the United States, offering a space for learning in a racially divided society.

National Association

A general term for organizations that operate across an entire nation, representing interests in various fields like civil rights, professional standards, or sports.

Colored Women

An outdated term historically used to refer to women of non-white or mixed racial heritage, now considered derogatory and no longer in appropriate use.

Talented Tenth

A term popularized by W.E.B. Du Bois referring to the supposed ten percent of African Americans who could lead the race to greater advancements through higher education and intellectual achievement.