With a Marginal Propensity to Save of

question 82

Multiple Choice

With a marginal propensity to save of .4,the marginal propensity to consume will be:

• A) 1.0 minus .4.
• B) .4 minus 1.0.
• C) the reciprocal of the MPS.
• D) .4.

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Definitions:

Cattell

Raymond Cattell was a psychologist known for his psychometric research into personality, including the development of the 16 Personality Factor (16PF) questionnaire.

HEXACO Model

A personality model that expands upon the traditional Big Five traits by including a sixth dimension: Honesty-Humility, alongside Emotionality, eXtraversion, Agreeableness, Conscientiousness, and Openness to experience.

Personality Factors

Fundamental traits or dimensions that constitute an individual's personality, often identified through factor analysis in personality psychology.

Needs-Hierarchy Theory

A psychological theory proposed by Abraham Maslow that categorizes human needs into five hierarchical levels, from basic physiological needs to self-actualization.