The Proportion of Additional Income That Consumers Spend Is Known

question 155

Multiple Choice

The proportion of additional income that consumers spend is known as the

• A) marginal propensity to save.
• B) marginal propensity to consume.
• C) average propensity to save.
• D) average propensity to consume.

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Definitions:

Hypnotized

A trance-like state of focus and concentration achieved through hypnosis, in which a person may be more open to suggestion.

Hypnosis

A trance-like state of focused attention, heightened suggestibility, and deep relaxation, induced by psychological techniques.

Short-Term Lethargy

A temporary state of sluggishness or lack of energy.

Impaired Coordination

A reduction in the ability to perform movements smoothly and accurately, usually due to neurological disorders or injuries.