If the MPC Is 0

question 1

Multiple Choice

If the MPC is 0.8 and there are no crowding-out or accelerator effects,then an initial increase in aggregate demand of $120 billion will eventually shift the aggregate demand curve to the right by

• A)$216 billion.
• B)$150 billion.
• C)$600 billion.
• D)$480 billion.

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Definitions:

Cultural Relativism

Appreciation that all cultures have their own mores, norms, and customs and should be evaluated and understood on their own terms, rather than according to one’s own cultural standards.

Conflict Theorists

Scholars and thinkers who view social life as a competition, and emphasize the role of coercion and power in producing social order, often highlighting how wealth and power or social inequality are maintained through social structures.

Society's Interests

The collective needs, desires, or concerns of a community or society as a whole.

Marital Infidelity

The act of being unfaithful to a spouse or partner, typically involving a romantic or sexual relationship with someone other than the spouse.