The Slope of the Consumption Function Is Equal to the Marginal

question 69

True/False

The slope of the consumption function is equal to the marginal propensity to save (MPS).

---

Definitions:

Carefree

Lacking serious worries, responsibilities, or duties; possessing a light-hearted and untroubled outlook.

Stereotypes

Widely held but fixed and oversimplified images or ideas about a particular type of person or thing, which can influence perceptions and behavior.

Intimate Partner Violence

Physical, sexual, emotional, or psychological harm by a current or former partner or spouse, regardless of the presence of a sexual relationship.

Age Bracket

A range of ages grouped together for statistical analysis, often used in research and marketing.