In Econland Autonomous Consumption Equals 700, the Marginal Propensity to Consume

question 102

Multiple Choice

In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, planned investment is fixed at 100, government purchases are fixed at 100, and net exports are fixed at 40. Autonomous expenditure equals:

• A)990.
• B)940.
• C)900.
• D)890.

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Definitions:

Family Configurations

The various structural forms a family might take, including nuclear, extended, single-parent, blended, or other arrangements.

Cultures

The social behavior, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.

Oedipus Complex

In Freudian theory, the desire young boys have to get rid of their father and take his place in their mother’s affections.

Electra Complex

In Freudian theory, the process by which young girls blame their mother for their “castrated” condition, transfer their love to their father, and compete with their mother for their father’s affection.