Here Is a Consumption Function: C = C₀ + MPC(Y_d)

question 158

Multiple Choice

Here is a consumption function: C = C₀ + MPC(Y_d) .Which of the following is true about the consumption function?

• A) Consumption will rise if autonomous consumption or disposable income rise.
• B) Consumption will fall if autonomous consumption falls or if the MPC rises.
• C) Consumption will rise if autonomous consumption rises,MPC declines,or disposable income rises.
• D) For every $1 rise in autonomous consumption,consumption will also rise by $1.
• E) a and d

Understand the economic effects of labor unions on wages and employment.

Identify the challenges facing labor unions in the modern workplace.

Understand the roles and distinctions of mediators and arbitrators in labor negotiations.

Identify and understand the size and scope of various American labor unions.

---

Definitions:

Short-term Memory

A cognitive system with a limited capacity that is capable of temporarily holding information available for processing.

Memory-span Task

A memory-span task is a cognitive test used to measure the number of items, typically words or numbers, that an individual can hold and recall in short-term memory.

Organization

An entity comprising multiple people, such as a company or society, structured to achieve a particular aim or set of goals.

Verbatim Information

Information that is repeated or conveyed in exactly the same words as originally presented or spoken.