John Maynard Keynes's Central Proposition That a Dollar Increase in Disposable

question 82

Multiple Choice

John Maynard Keynes's central proposition that a dollar increase in disposable income would increase consumption, but by less than the increase in disposable income, means the marginal propensity to consume (MPC) is:

• A) greater than or equal to one.
• B) equal to one.
• C) less than one, but greater than zero.
• D) negative.

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behavior and interactions.

Growth Mindset

The belief that abilities and intelligence can be developed through dedication, hard work, and the embrace of challenges.

Fixed Mindset

A belief that one's abilities, intelligence, and talents are fixed traits, which can limit growth and learning potential.

Fixed Mindset

The belief that abilities, intelligence, and talents are fixed traits and cannot be significantly developed.