The Change in Consumption Divided by a Change in Income

question 178

Multiple Choice

The change in consumption divided by a change in income is defined as:

• A) the marginal propensity to consume.
• B) autonomous consumption.
• C) the consumption function.
• D) Keynes' absolute income hypothesis.
• E) transitory consumption.

---

Definitions:

Natural Ability

The innate talents or aptitudes that individuals possess which can influence their performance in various tasks or occupations.

Spanish Conquest

The period of exploration and colonization during which Spain conquered vast territories in the Americas, drastically affecting indigenous cultures and societies.

Aztec Empire

A Mesoamerican empire that flourished in central Mexico in the 14th, 15th, and early 16th centuries, known for its complex society, monumental architecture, and dramatic end after the Spanish conquest.

Spanish Incursion

Historical invasions or military incursions by Spanish forces into foreign territories.