If the Consumption Function Is Given by C = 150

question 7

Multiple Choice

If the consumption function is given by C = 150 + 0.85Y and Y increases by 1 unit, then C increases by:

• A)0.15 unit.
• B)0.5 unit.
• C)0.85 unit.
• D)1 unit.

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Definitions:

Hygiene Factors

Elements related to job environment such as salary, company policies, and working conditions, that can lead to dissatisfaction if not adequately addressed.

Job Characteristics Model

A theory that proposes that the nature of one's job or the characteristics of the task one undertakes can play a role in influencing job satisfaction and job performance.

Contextual Factors

Various elements within the environment that influence the situation or outcome.

Vertical Loading

A management approach that involves giving employees at all levels more responsibility and autonomy, aiming to increase engagement and motivation.