If the Consumption Function Is Expressed as C = a

question 112

Multiple Choice

If the consumption function is expressed as C = a + mpc × YD,then "a" represents

• A)autonomous consumer expenditure.
• B)the marginal propensity to consume.
• C)the expenditure multiplier.
• D)disposable income.

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Definitions:

Flex Plate

A metal disc that connects the engine to the torque converter in automatic transmissions, allowing power transfer.

Driven Member

A component in a mechanical system that receives motion or power from another component, rather than generating it.

Centrifugal Lock-up

A mechanism in torque converters that locks the turbine to the pump when sufficient speed is achieved, improving fuel efficiency by eliminating slip.

Weld-sealed

A term describing items or components that have been permanently joined or sealed together through welding, creating a strong and often airtight connection.