-In the Above Figure, If the Marginal Propensity to Consume

question 387

Multiple Choice

-In the above figure, if the marginal propensity to consume increases, the slope of the AE curve would

• A) increase.
• B) decrease.
• C) stay the same but the AE curve would shift upwards.
• D) stay the same but the AE curve would shift downwards.

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Definitions:

Practice Entrepreneurship

involves applying entrepreneurial principles and efforts in real-world scenarios to create, develop, and manage a business venture.

At Every Opportunity

Taking advantage of any given situation or circumstance to achieve a specific goal or outcome.

Linear Process

A sequential process that follows a straight line, where each step directly affects the next one without looping back.

Deliberate Practice

The intentional repetition of tasks with immediate feedback, aimed at surpassing one's current level of proficiency.