Figure 13-3 -Refer to Figure 13-3. Upward Shifts of the Consumption Function

question 16

Multiple Choice

Figure 13-3
-Refer to Figure 13-3. Upward shifts of the consumption function, for example from C₀ to C₁ to C₂ demonstrate

• A) an increase in the marginal propensity to save.
• B) increases in the amount of consumption for a given level of disposable income.
• C) increases in the amount of disposable income available for consumption.
• D) an increase in the marginal propensity to save

---

Definitions:

Serial Entrepreneurs

Serial entrepreneurs are individuals who continuously start new businesses, moving from one venture to the next.

Additional Businesses

Entities or operations that are added to a company's existing business portfolio, expanding its scope or diversifying its interests.

Succession

The process of transferring leadership or ownership of a business, property, or title from one individual to another, often as a result of retirement or passing.

Social Entrepreneurs

Individuals who establish ventures with the goal of solving social problems or effecting social change through innovative solutions.