John Maynard Keynes Believed That the Average Propensity to Consume

question 44

Multiple Choice

John Maynard Keynes believed that the average propensity to consume:

• A)is constant.
• B)increases as income increases.
• C)decreases as income increases.
• D)is less than the marginal propensity to consume.

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Definitions:

Allergic Reactions

Adverse and sometimes severe responses of the immune system to foreign substances, such as certain foods, pollen, or medications.

Immune System Reaction

The response of the immune system to foreign substances or pathogens, aiming to protect the body from infection or disease.

Viruses

Microscopic infectious agents that can only replicate inside the living cells of an organism and are capable of causing diseases.

Foreign Substance

A material or substance present in an organism or system that is not naturally produced or expected to be in that environment.