If Your Income Increases by $1,500 and You Only Consume

question 17

Multiple Choice

If your income increases by $1,500 and you only consume $900 of it,your marginal propensity to consume would be equal to

• A) 600.00.
• B) 0.50.
• C) 0.75.
• D) 0.40.
• E) 0.60.

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Definitions:

Leadership Effectiveness

The degree to which a leader successfully influences followers to achieve the goals of an organization or team.

Research Patterns

Recurrent themes, methods, or findings that emerge in research studies across different areas of study.

Consideration

Consideration in leadership and organizational behavior refers to the extent to which a leader shows care, concern, and respect for followers' needs and feelings.

Psychological Closeness

The feeling of proximity and intimacy towards another individual or group, which may not necessarily correspond to physical distance.