The Marginal Propensity to Consume Refers to the

question 145

Multiple Choice

The marginal propensity to consume refers to the

• A) difficulty that people have with certain consumption decisions.
• B) last minute purchases that everyone makes.
• C) many consumption choices that people face.
• D) fraction of a change in income that an individual spends on consumption expenditure.

---

Definitions:

Kamakura Period

A period in Japanese history (1185-1333) marked by the rise of the samurai class and the establishment of feudalism.

Sociopolitical Force

A term referring to the influence and interplay of societal and political factors on events and behaviors.

Shogunate

The Japanese military government of the 12th through 19th centuries.

Kei School

A prominent school of Japanese sculpture, particularly known for its Buddhist statues, flourishing in the Kamakura period.