John Maynard Keynes Believed That the Average Propensity to Consume

question 113

Multiple Choice

John Maynard Keynes believed that the average propensity to consume:

• A) was constant.
• B) increased as income increased.
• C) decreased as income increased.
• D) was less than the marginal propensity to consume.

---

Definitions:

Task Activities

Activities that are specifically designed and assigned to achieve a particular goal or outcome in a project or process.

Total Integration

A strategy or process that involves combining all functions, processes, and systems within an organization to work as a cohesive unit.

Performing Stage

The fourth phase in the Tuckman model of team development, characterized by high levels of cooperation, unity, and productivity.

Decentralised Communication Network

Allows all members to communicate directly with one another.