Which of the Following Conjectures That Underlie the Keynesian Consumption

question 112

Multiple Choice

Which of the following conjectures that underlie the Keynesian consumption function is not consistent with aggregate Canadian and U.S. data?

• A)The marginal propensity to consume is between 0 and 1.
• B)The average propensity to consume decreases as income increases.
• C)There is a high correlation between income and consumption.
• D)Current income is a determinant of consumption.

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Definitions:

Variable-interval Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed.

Fixed-ratio Schedule

A reinforcement strategy in operant conditioning where a response is rewarded only after a specified number of correct responses.

Fixed-interval Schedule

A type of reinforcement schedule in operant conditioning where rewards are delivered at fixed intervals of time, as long as the correct response is made.

Secondary Reinforcers

Conditioned stimuli that acquire reinforcement value through their association with primary reinforcers.