If the Consumption Function Is Expressed as C = a

question 63

Multiple Choice

If the consumption function is expressed as C = a + mpc × Y_D,then "mpc" represents

• A)autonomous consumer expenditure.
• B)the marginal propensity to consume.
• C)the expenditure multiplier.
• D)disposable income.

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Definitions:

Canadian Dollar

The currency of Canada, represented by the symbol CAD or C$ and divided into 100 cents.

Exchange Rate

The rate at which one currency can be exchanged for another, which impacts international trade and investments.

Television Set

An electronic device designed to receive and display television broadcast signals and other audio-visual content.

CAD

Stands for Computer-Aided Design, a type of software used for creating precise drawings or technical illustrations in various engineering fields.