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:

Center

The point that is equally distant from every point on the circumference of a circle or sphere, or the middle point of a given entity or space.

Arteritis

Inflammation of the arteries that can cause them to thicken, weaken, narrow, and scar, affecting blood flow.

Artery

A blood vessel that carries oxygen-rich blood away from the heart to the body.

Inflammation

A biological response to harmful stimuli, characterized by redness, heat, swelling, and pain, as part of the body's defense mechanism.