When We Graph Consumption as a Function of National Income

question 158

Multiple Choice

When we graph consumption as a function of national income rather than as a function of ________,the slope of this consumption function is the ________.

• A)disposable income; MPC
• B)personal income; MPC
• C)disposable income; MPS
• D)personal income; MPS

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Definitions:

Abstract Words

Abstract words represent concepts or ideas that do not have a physical form, making them subjective and often open to interpretation.

Attendance Record

Documentation or tracking of presence or absence of individuals from events, classes, meetings, or workplaces, often used for administrative, legal, or operational purposes.

Semi-automatic

Refers to a machine or process that requires partial human intervention amongst automated mechanisms.

Idiom

A phrase or expression that has a figurative meaning different from its literal meaning, often cultural in nature.