The MPC on ________ Income Is Less Than the MPC

question 69

Multiple Choice

The MPC on ________ income is less than the MPC on ________ income according to ________ theory.

• A)transitory;permanent;Friedman's
• B)transitory;permanent;Modigliani's
• C)permanent;transitory;Modigliani's
• D)permanent;transitory;Friedman's

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Definitions:

Correct Rejection

In signal detection theory, the decision to correctly identify the absence of a signal or stimulus.

Miss

To fail to hit, reach, catch, or otherwise make contact with something; can also refer to feeling sadness from the absence or loss of someone or something.

False Alarm

An error in which a warning or alert is given, but no actual threat or danger exists.

Noise Hit

In signal detection theory, an instance where a non-target stimulus is incorrectly detected as a target signal.