That Fraction of a Change in Disposable Income That Is

question 66

Multiple Choice

That fraction of a change in disposable income that is consumed is called

• A)autonomous consumption
• B)induced consumption
• C)the multiplier
• D)the marginal propensity to consume
• E)the marginal propensity to save

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Definitions:

Population Standard Deviation

A measure of the dispersion or spread of a set of data values in a population, indicating how much individuals within this population vary from the population mean.

Interval Estimate

An estimate of a population parameter that provides a range of values believed to contain the parameter with a certain degree of confidence.

Sample Standard Deviation

A measure of the dispersion or variability of a set of data points in a sample.

Point Estimate

A single value estimation derived from a sample that serves as the best guess of a population parameter.