If the Slope of a Linear Consumption Schedule Increases in a Private

question 92

Multiple Choice

If the slope of a linear consumption schedule increases in a private closed economy, then it can be concluded that the

• A) MPS has increased.
• B) MPC has increased.
• C) income has increased.
• D) income has decreased.

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Definitions:

Intentional Tort

A deliberate action that causes harm or damage to another person.

Economic Interests

Financial stakes or benefits that influence the actions or decisions of individuals or entities.

Conversion

Permanent interference with another’s use and enjoyment of his or her personal property.

Compensatory Damage

Financial compensation awarded to a plaintiff to indemnify them for losses or damages due to another party's negligence or wrongdoing.