Led by John Winthrop,this Group of Religious Reformers Desired to Establish

question 66

Multiple Choice

Led by John Winthrop,this group of religious reformers desired to establish a new colony that would change the world and reform it.

• A)Puritans
• B)Separatists
• C)Dunkers
• D)Quakers
• E)Calvinists

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Definitions:

Autonomous Consumption

Spending that does not depend on current income levels, such as basic necessities, implying that this consumption occurs even in the absence of income.

Disposable Income

represents the amount of money that households have available for spending and saving after income taxes have been accounted for.

Saving

The portion of income that is not spent on consumption but rather set aside for future use or emergencies, contributing to personal and national wealth.

Autonomous Consumption

The level of consumption that occurs when income is zero, reflecting expenses that are necessary or committed.