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).

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Definitions:

Persistence

The continued effort and determination to achieve a goal or overcome obstacles, even in the face of difficulties or delay.

Chain Migration

A process where immigrants from a particular town follow others from that town to a new city or country, creating chains of people connected by a common origin.

Affiliation Needs

The human desire to feel a sense of involvement and belonging within a social group or community.

Refugees

Individuals who flee their country due to war, persecution, or natural disaster and seek protection in another country.