If the Marginal Propensity to Consume,MPC,is Less Than 1 and a Household's

question 31

Multiple Choice

If the marginal propensity to consume,MPC,is less than 1 and a household's disposable income increases by $2,000,the household's consumption will _____.

• A)increase by less than $2,000
• B)increase by $2,000
• C)decrease if the total income of the household is above $100,000
• D)remain the same unless the change in income significantly affects the household's wealth
• E)increase by more than $2,000

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Definitions:

Wound Healing

The natural process by which the body repairs and regenerates skin and tissue damage.

Priority Action

The most important or urgent task that needs to be performed first in a sequence of actions, especially in critical situations.

Open Wound

A breach in the skin or a disruption of the normal structure and function of the skin.

Data Validation

The process of ensuring that a program operates on clean, correct, and useful data by checking for accuracy and quality of the data.