If the Consumption Function Is Expressed as C = a

question 112

Multiple Choice

If the consumption function is expressed as C = a + mpc × YD,then "a" represents

• A)autonomous consumer expenditure.
• B)the marginal propensity to consume.
• C)the expenditure multiplier.
• D)disposable income.

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Definitions:

Murder Charge

A legal accusation against an individual alleging they have unlawfully killed another person with premeditated intent.

Sensory Memory

The briefest span of memory that enables people to maintain sensory information impressions once the initial stimulus has stopped.

Sperling's Experiment

A psychological study conducted by George Sperling that investigated the capacity and duration of sensory memory using a rapid serial visual presentation.

Demonstrate

The act of showing how something works or proving something through action or explanation.