According to the Life-Cycle Model, When Wealth Is Constant in the Short

question 40

Multiple Choice

According to the life-cycle model, when wealth is constant in the short run, the average propensity to consume ______ as income increases.

• A) increases
• B) decreases
• C) remains constant
• D) can either increase or decrease

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Definitions:

For Loop

A For Loop is a control flow statement in programming that repeatedly executes a block of code a set number of times.

Update Expression

In programming, an expression within a loop that modifies the loop's controlling variable to progress towards the loop's termination condition.

For Loop

A programming structure that repeats a block of code a specified number of times or until a particular condition is met.

Break Statement

A control statement used to terminate the loop or switch statement in which it appears and transfer control to the following statement.