Which of the Following Is True of Long-Run Consumption Functions

question 27

Multiple Choice

Which of the following is true of long-run consumption functions?

• A)Autonomous consumption is equal to zero in the long-run.
• B)The long run consumption functions are steeper than short run consumption functions.
• C)The marginal propensity to consume for the long run consumption function is almost equal to zero.
• D)The autonomous consumption is negative in long run consumption functions.
• E)The long run consumption function is represented by a straight line parallel to the horizontal axis.

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Definitions:

Ovum

The egg cell, or ovum, in females that upon being fertilized by sperm has the potential to grow into an embryo.

Follicular Cells

Small cells contained in the primordial follicle along with a large cell called a primary oocyte.

Cell Membrane

The cell membrane is a biological membrane that separates the interior of all cells from the outside environment, providing structural support and regulating the movement of substances in and out of the cell.

Nutrients

Substances obtained from food that are essential for the body to function and maintain health.