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Arrange the lettered items below in order of increasingly favorable emotive meaning. Instructor and/or students may want to fuss about some of our rankings in these problems. We've said (a) = (b) when (a) and (b) seem equally favorable to us.
Karl's diet really took the pounds off; he looks really
a. slender.
b. thin.
c. svelte.
d. trim.
MPS
The marginal propensity to save, which is the proportion of an increase in income that is saved rather than spent on consumption.
Disposable Income
Funds at households' discretion for savings and spending pursuits after the deduction of income taxes.
Autonomous Consumption
The minimum level of consumption that would still occur even if a consumer had no income, based on basic needs and obligations.
MPS
Marginal Propensity to Save, which is the fraction of an increase in income that is not spent on an increase in consumption.
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