If the Consumption Function Is Expressed as C = a

question 64

Multiple Choice

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

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

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Definitions:

Participative Leadership

A leadership style wherein the leader includes team members in the decision-making process, ensuring their opinions and suggestions are considered.

Supportive Leadership

A leadership style that focuses on providing encouragement, resources, and assistance to employees.

Contingency Theory

Fred Fiedler’s theory that states that the association between leadership orientation and group effectiveness is contingent on how favourable the situation is for exerting influence.

LPC Measurement

A tool used in the Fiedler contingency model to assess a leader's least preferred coworker, indicating their leadership style.