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.

---

Definitions:

Cognitive Intelligence

The ability to understand complex ideas, adapt effectively to the environment, learn from experiences, and engage in various forms of reasoning.

Recognize

To identify or distinguish someone or something from a group based on previous knowledge or characteristics.

Feelings

subjective experiences of emotions, often described as what it is like internally to experience an emotion.

Central Moral Issue

The primary ethical or moral dilemma that is at the heart of a situation or problem.