If Consumption Is Defined as C = 4,500 + 0

question 231

True/False

If consumption is defined as C = 4,500 + 0.75Y,then the marginal propensity to save is 0.25.

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Definitions:

A Priori

Knowledge or justification that is independent of experience, often based on logical deduction.

Genetic Differences

Variations in the DNA sequences among individuals, which contribute to the biological diversity and complexity of organisms, affecting traits from physical appearance to susceptibility to certain diseases.

Causal Relationships

A connection between two variables where a change in one directly causes a change in the other.

Dispositional Variables

Traits and characteristics that individuals bring to different situations, influencing their behavior and reactions.