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When Jack's income increases by $1,000,he spends an additional $850 dollars.This implies that his marginal propensity to consume is 0.85.
Categorical Proposition
A type of logical statement connecting a subject and a predicate, generally structured in the form of "All S are P", "Some S are P", "No S are P", or "Some S are not P".
Hypothetical Proposition
A statement that expresses a conditional relationship between two ideas or events, often formed as an "if-then" statement.
Hypothetical Syllogism
A logical argument consisting of two conditional statements and a conclusion, based on the assumption that if the premises are true, the conclusion must follow.
Modus Tollens
A logical argument principle that infers the negation of an antecedent from the negation of its consequent in a conditional statement.
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