If the Slope of a Linear Consumption Schedule Increases in a Private

question 94

Multiple Choice

If the slope of a linear consumption schedule increases in a private closed economy, then it can be concluded that the:

• A) MPS has increased
• B) MPC has increased
• C) Income has increased
• D) Income has decreased

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Definitions:

Visually Related Concept

An idea or information that is primarily understood or learned through visual representation and perception.

Blind

typically used in experimental design, refers to participants or researchers not being aware of certain crucial aspects of the study to prevent bias.

Verbal Humor

The aspect of humor that involves the use of words to elicit laughter or amusement.

Monolingual

Monolingual describes individuals or societies that speak or use only one language.