Which of the Following Statements Is True Concerning the Consumption

question 113

Multiple Choice

Which of the following statements is true concerning the consumption function?

• A)It slopes upward.
• B)Its slope equals the MPC.
• C)It represents the direct (positive)relationship between consumption spending and the level of real disposable income.
• D)If the consumption function lies above the 45-degree line then saving is positive.
• E)All of these.

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Definitions:

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An organization that represents the interests of air traffic controllers, focusing on matters such as working conditions, safety regulations, and wages.

Union Membership

This refers to individuals who are part of a labor union or trade union, organizations that negotiate with employers on behalf of their members for better wages, benefits, and working conditions.

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The unification in 1955 of the American Federation of Labor (AFL) and the Congress of Industrial Organizations (CIO), creating the largest federation of unions in the United States.