If an Increase in a Household's Disposable Income from $10,000

question 78

Multiple Choice

If an increase in a household's disposable income from $10,000 to $12,000 boosts its consumption expenditure from $8,000 to $9,000, the

• A) household is dissaving.
• B) slope of the consumption function is 0.2.
• C) slope of the consumption function is 0.5.
• D) slope of the consumption function is 1,000.

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Definitions:

Descartes's Views

Philosophical opinions of Descartes that emphasize doubt as the basis for certainty and the dualism of mind and body as foundational to understanding existence.

Spinoza's Views

The philosophical perspectives of Baruch Spinoza, which include the monist idea that everything is one substance, often identified with God, and the ethical importance of living a life of rationality and self-control.

Ontologies

In philosophy, it refers to the study of being and existence, including the categorization of entities and their relationships within a hierarchy.

Pre-Socratics

Early Greek philosophers before Socrates, who primarily focused on cosmology, the nature of the universe and the origin of life.