The Association for Improving the Conditions of the Poor (AICP),founded

question 12

Multiple Choice

The Association for Improving the Conditions of the Poor (AICP) ,founded in 1843:

• A)believed that poverty stemmed in part from moral defects within society.
• B)saw crowded slums as contributing to laziness,crime,drunkenness,and sexual promiscuity.
• C)were not fearful of the effects the slum would have on the rest of the city
• D)None of the above

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Definitions:

Disposable Income

The liquidity pool available for households to channel into saving and spending after income tax deductions.

Induced Consumption

The part of consumer spending that increases when disposable income rises and decreases when disposable income falls.

Disposable Income

The amount of money left for spending and saving after income taxes have been deducted.

Autonomous Consumption

The level of consumption that does not change with fluctuation in income; it is the consumption level when income is zero.