Which of the following does not foster innovation and technological advance?

The income-consumption curve

A) illustrates the combinations of incomes needed with various levels of consumption of a good. B) is another name for income-demand curve. C) illustrates the utility-maximizing combinations of goods associated with every income level. D) shows the utility-maximizing quantity of some good (on the horizontal axis) as a function of income (on the vertical axis).

The marginal propensity to consume is calculated by dividing the change in consumer spending by the change in disposable income

a. True b. False Indicate whether the statement is true or false