The Slope of the Consumption Function Relates Changes in Consumer

question 37

Multiple Choice

The slope of the consumption function relates changes in consumer spending to changes in disposable income received by consumers. This is called:

• A) the marginal propensity to consume.
• B) the average propensity to consume.
• C) the utility-maximization function.
• D) the marginal rate of transformation.

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Definitions:

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Religious Argument

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Endorsement or defense of the practice of owning individuals as property and coercing them to work.

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