In the Consumption Function C = Ca + BY, the Term

question 20

Multiple Choice

In the consumption function C = Ca + bY, the term b represents:

• A) the marginal propensity to consume.
• B) the multiplier effect.
• C) the autonomous consumption spending.
• D) the marginal propensity to save.

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Definitions:

Gill Arches

The skeletal elements supporting the gills in fish and some amphibians, essential for respiration in aquatic environments.

Cranium

The part of the skull that encloses the brain.

Pharyngeal Pouches

Embryonic structures in vertebrates that may develop into various parts of the face, neck, and respiratory system.

Notochord

A flexible, rod-shaped structure found in the embryonic stage of all chordates that provides skeletal support and defines the primitive axis of the embryo.