When the Consumption Function Becomes Steeper

question 52

Multiple Choice

When the consumption function becomes steeper,

• A) less of every dollar is consumed.
• B) the saving function also become steeper.
• C) the MPC rises.
• D) the MPC falls.

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Definitions:

Colonists

Individuals or groups who settle in a new territory but remain subjects or citizens of their country of origin, often involved in the historical context of expansion and empire-building.

Continent

One of the very large landmasses on the earth's surface, typically separated by oceans.

Land Ethics

A philosophy that stresses the interdependence between humans and the land, promoting the responsible use and conservation of natural resources.

Proponent

A person who advocates or supports a particular idea, policy, or project.