The last sentence is "be sure to define the multiplier effect.

Instead of a discussion board, this week you will submit an individual written assignment. Address the following questions in a short essay. You do not have to answer the questions in this order, and direct answers to the questions should be supplemented with additional information to form a well-developed, well-written essay. If you reference outside sources, provide a full citation. \"I. What is the marginal propensity to consume? Explain it in your own words. 2. How do you think the value of MPC varies across households with different levels of income? Who has relatively higher or lower MPCs, people with high incomes or low incomes? Why? 3. We have discussed the government's use of disposable income? 4. Implications for policy: If the goal is to stimulate the economy and maximize the multiplier effect, how can knowing who is more likely to spend an extra dollar make fiscal policy more effective? Be sure to define the