The Marginal Propensity to Consume (MPC) Is the Change in Consumption

question 159

True/False

The marginal propensity to consume (MPC) is the change in consumption divided by the change in income.

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Definitions:

Working Memory

A cognitive system responsible for temporarily holding information available for processing, key in reasoning and the guidance of decision-making and behavior.

Short-Term Memory

A limited capacity store that can maintain unrehearsed information for about 20 to 30 seconds.

Google Effect

The tendency to forget information that can be easily found using internet search engines like Google, affecting how memory is managed.

Rely

To depend on or trust in someone or something for support, help, or maintenance.