If a Household's Income Falls from $26,000 to $24,000 and Its

question 64

Multiple Choice

If a household's income falls from $26,000 to $24,000 and its saving falls from $1,000 to $500,then its _____.

• A)marginal propensity to consume is 0.98
• B)marginal propensity to consume is 1.33
• C)marginal propensity to consume is 0.25
• D)marginal propensity to save is 0.02
• E)marginal propensity to save is 0.25

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Definitions:

Carl Rogers

An influential American psychologist who founded client-centered therapy and emphasized the importance of the self and unconditional positive regard.

Unconditional Positive Regard

A concept in psychological therapy that involves showing complete support and acceptance to a person, regardless of what they say or do.

Vengeful Feelings

Emotions characterized by a desire for revenge or retaliation due to perceived harm or offense.

Spiteful Behaviours

Actions motivated by a desire to hurt, annoy, or offend someone, typically driven by ill will or malice.