The Marginal Propensity to Consume Must Always Be Larger Than

question 70

True/False

The marginal propensity to consume must always be larger than the marginal propensity to save.

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Definitions:

Big Five Trait

A psychological theory that identifies five fundamental personality dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

Conscientiousness is a personality trait characterized by organization, dependability, and a strong sense of duty.

Openness

A personality trait characterized by a willingness to try new experiences, be creative, and think imaginatively.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.