As the marginal propensity to consume (MPC) decreases, the spending multiplier:

An argument against increasing centralization in elementary and secondary education is _____

a. that it is anti-egalitarian b. that there are fewer administrators to oversee extracurricular programs c. that it results in less direct accountability to students and parents d. that socialization is a problem in large school districts

Managerial reputation is an ________ incentive that helps to mitigate the ________ principal-agent problem.

A. internal; manager-consumer B. internal; manager-worker C. external; owner-manager D. external; owner-consumer