If We Graph the Consumption Function Such That It Cuts

question 81

Multiple Choice

If we graph the consumption function such that it cuts the vertical axis at a point above the origin,this is because we are assuming that

• A) the MPC is positive.
• B) the MPS is positive.
• C) autonomous consumption is positive.
• D) induced consumption is positive.

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Definitions:

Recursive

A process or function that calls itself directly or indirectly, commonly used in computer programming and mathematics.

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Skill and knowledge in using and adapting technology tools and resources to accomplish tasks efficiently and effectively, with a focus on continual learning.

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Objectification

The treatment of people as objects or commodities, stripping them of their dignity and reducing them to mere things.