Suppose the Economy's Saving Schedule Shifts from S₁ to S

question 53

Multiple Choice

Suppose the economy's saving schedule shifts from S₁ to S ₂ as shown in the below diagram. We can say that its:

• A) MPC has increased.
• B) MPS has increased.
• C) APS has increased at all levels of disposable income.
• D) APS has decreased at all levels of disposable income.

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Definitions:

Legitimate Power

A form of authority that is recognized and accepted due to the role or position held by an individual within an organization.

Manager Authority

The power vested in a managerial position to make decisions, give orders, and manage resources within an organization.

Employee Behavior

The actions and conduct of individuals within a workplace, influenced by various factors including personality, culture, and the work environment.

Zone of Indifference

A range in which attempts to influence a person will be perceived as legitimate and will be acted upon without a great deal of thought.