If a Household's Income Rises from $46,000 to $46,700 and Its

question 110

Multiple Choice

If a household's income rises from $46,000 to $46,700 and its consumption spending rises from $35,800 to $36,400,then its:

• A)marginal propensity to consume is 0.86.
• B)marginal propensity to consume is 0.99.
• C)marginal propensity to consume is 0.98.
• D)marginal propensity to save is 0.01.
• E)marginal propensity to save is 0.86.

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Emergent Leadership

Leadership that naturally arises within a group based on actions and decisions, rather than through formal appointment or titles.

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The practice of conveying messages in a constructive, optimistic, and encouraging manner to foster positive relationships and outcomes.

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The sequence of steps or stages an artist goes through from conception of an idea to the completion of a work of art.