A Message in Which the Sender Does Not Have to Wait

question 21

Multiple Choice

A message in which the sender does not have to wait for the recipient to handle the message best describes:

• A)synchronous message
• B)simple message
• C)asynchronous message
• D)half-duplex message

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Definitions:

MPS

Marginal Propensity to Save, which is the portion of additional income that a household saves rather than consumes.

APS

Assumes "APS" refers to "Average Propensity to Save," which is the proportion of total income or output that is saved rather than spent on consumption.

Induced Consumption

Refers to the portion of consumer spending that increases or decreases in response to changes in income.

Disposable Income

The pot of funds households have at their disposal for saving and spending, post-income tax.