The Consumption Function of the U

question 231

Multiple Choice

The consumption function of the U.S. economy from 1929 to 1941 is , where is the personal consumption expenditure and x is the personal income, both measured in billions of dollars. Find the rate of change of consumption with respect to income, . This quantity is called the marginal propensity to consume. ​

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Definitions:

Korsakoff Syndrome

A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), most commonly due to alcohol misuse, characterized by memory loss and confabulation.

Apraxia

A neurological condition characterized by the inability to perform movements or gestures, despite having the desire and physical capability to do so.

Agnosia

A neurological condition where a person is unable to recognize and identify objects, persons, sounds, shapes, or smells, despite having the necessary sensory functions.

Aphasia

A condition that impairs a person's ability to process language, affecting speech, writing, and the ability to understand language.