You Are Focusing Intently on the Memories and the Happy

question 13

Multiple Choice

You are focusing intently on the memories and the happy feelings of the vacation you enjoyed last month. These thoughts, memories, and feelings that you are currently focused on reside in your

• A)unconscious.
• B)subconscious.
• C)conscious.
• D)preconscious.

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Definitions:

APS

The Average Propensity to Save, which is the proportion of income that households save rather than consume.

MPC

The marginal propensity to consume, which is the portion of additional income that a consumer spends on goods and services.

Consumption

The total value of goods and services consumed by households and businesses.

APC

Average Propensity to Consume, the fraction of total disposable income that households plan to spend on consumption as opposed to saving.