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

question 142

Multiple Choice

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

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

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Definitions:

Cultural Behaviours

Patterns of actions and norms that are typical or valued within a specific cultural group.

Granted

Given or provided, often in response to a request or in acknowledgment of a need.

Normal

Conforming to a standard; usual, typical, or expected under specific conditions or circumstances.

High-context

A communication style where much of the information is understood through context, non-verbal cues, and between-the-lines reading, rather than stated explicit content.