If We Graph the Consumption Function Such That It Starts

question 155

Multiple Choice

If we graph the consumption function such that it starts above the origin,this is because we are assuming that

• A) the MPC is positive.
• B) the MPS is positive.
• C) autonomous consumption is positive.
• D) induced consumption is positive.

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Definitions:

Encoding

The initial process of converting information into a form that can be stored in memory, involving various types of code such as visual, acoustic, or semantic.

Sensory Memory

The immediate, very brief recording of sensory information in the memory system.

Fleeting

Something that happens for a very short time; brief or transient.

Encoded

The process by which information is transformed into a format that can be stored and used in memory.