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:

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Opening Statement

An initial verbal or written remark that introduces a topic, presentation, argument, or case.

Shocking Statement

A declaration or claim designed to provoke strong emotions or surprise in the audience.