-Using the Data in Above Table, the Marginal Propensity to Consume

question 43

Multiple Choice

-Using the data in above table, the marginal propensity to consume is

• A) increasing as disposable income increases.
• B) equal to 1.0 when disposable income equals $600.
• C) constant at 0.75.
• D) constant at 0.25.

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Definitions:

LPC

Stands for Least Preferred Coworker, a concept used in Fiedler's Contingency Theory to determine leadership style by evaluating a leader's feelings toward the least preferred coworker.

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through personal charm and persuasion.

Merits

The qualities of being particularly good or worthy, especially so as to deserve praise or reward.

Demerits

The negative points or marks received for poor performance or misconduct.