The Figure Given Below Represents the Consumption Function of a Country

question 84

Multiple Choice

The figure given below represents the consumption function of a country. Figure 9.3 Refer to Figure 9.3.If the marginal propensity to consume is equal to 0.3, then:

• A)autonomous consumption would decrease.
• B)the total amount of dissaving would increase.
• C)consumption spending would equal disposable income at an income level greater than $400.
• D)consumption spending would equal disposable income at an income level less than $400.
• E)consumption spending would equal disposable income at the same income level of $400.

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Definitions:

Authorization Cards

Documents used in labor organizing that employees sign to indicate their desire for a union to represent them in collective bargaining.

Union Organizers

Individuals or groups involved in recruiting workers to join or form a labor union to negotiate collectively with their employers for better terms of employment.

Knights of Labor

A 19th-century labor organization in the United States that sought to promote the social and cultural uplift of the workingman, and aimed for an 8-hour workday.

Craft Unions

Labor unions representing workers who have specialized skills or crafts, focusing on improving their members' employment conditions.