The Line Described by the Consumption Function C = a

question 42

Multiple Choice

The line described by the consumption function C = a + bY_D will change its slope when

• A)The MPC changes.
• B)Consumer confidence changes.
• C)Disposable income changes.
• D)The APS changes.

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Definitions:

Self-worth

The sense of one's own value or worth as a person.

Negative Feedback

A response or information that indicates a deviation from a desired or intended outcome, leading to corrective action.

Praise

The expression of approval, admiration, or commendation towards someone or something, often used as a positive reinforcement mechanism.

Criticism

The act of expressing disapproval of someone or something based on perceived faults or mistakes, or the analysis and judgment of merits and faults.