If Consumption Is Defined as C = 4,500 + 0

question 231

True/False

If consumption is defined as C = 4,500 + 0.75Y,then the marginal propensity to save is 0.25.

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Definitions:

Similarity

The state of being alike or sharing common features, traits, or characteristics.

Complementarity

in social psychology refers to relationships in which partners possess or display traits that complement or enhance those of the other.

Boredom

A state of feeling disinterested and restless due to a lack of stimulation, engagement, or excitement.

Unprotected Sex

Sexual intercourse without the use of barrier methods of contraception, which increases the risk of sexually transmitted infections and unwanted pregnancies.