The Marginal Propensity to Consume Is Defined as the

question 37

Multiple Choice

The marginal propensity to consume is defined as the

• A) fraction of total income not spent on consumption.
• B) proportion of any change in income that is spent on consumption.
• C) fraction of total income spent on consumption.
• D) fraction of a change in income that is saved.

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Definitions:

Psychoanalytic Approach

A theory and method of psychological treatment developed by Sigmund Freud that emphasizes unconscious processes and childhood experiences in understanding and treating psychopathology.

Medical Degree

A qualification awarded to students who have successfully completed a course of study in medicine, qualifying them to work as a physician or surgeon.

Free Association

A psychoanalytic technique where patients are encouraged to verbalize any thoughts that come to mind without censorship.

Spontaneously Express

The act of showing emotions, thoughts, or actions naturally and without premeditation.