Nobel Laureate Franco Modigliani Found That Decreases in Wealth Cause

question 161

Multiple Choice

Nobel laureate Franco Modigliani found that decreases in wealth cause:

• A) decreases in autonomous consumption.
• B) increases in the marginal propensity to consume.
• C) increases in autonomous consumption.
• D) decreases in the marginal propensity to consume.

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Definitions:

Automated Function

Describes a process or task that is performed by machines or software without human intervention.

Organizational Support

The degree to which an organization provides assistance, resources, and encouragement to its members or employees.

Work Group Support

The assistance, encouragement, and resources provided by a group to its members to achieve collective goals.

Supervisory Support

Assistance and guidance provided by supervisors to subordinates, aimed at helping them perform their duties effectively.