If an Increase in a Householdʹs Disposable Income from $10,000

question 304

Multiple Choice

If an increase in a householdʹs disposable income from $10,000 to $12,000 boosts its consumption expenditure from $8,000 to $9,000, the

• A) slope of the consumption function is 0.2
• B) household is dissaving.
• C) slope of the consumption function is 1000.
• D) slope of the consumption function is 0.5

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Definitions:

Pairwise Comparison

A technique used in decision-making and research for evaluating and comparing all pairs in a set of items to determine preferences, rankings, or the significance of differences.

Total Movement

Refers to the complete or aggregate amount of movement, often used in logistics and material handling to describe the flow of goods within a system.

Cycle Time

The total time from the beginning to the end of a process, including processing and waiting times, indicating the speed of production.