Question

In What’s Mine is Yours, Rachel Botsman argues for the spread of a “collaborative” form of this behavior to replace 20th-century individualistic forms. Interdependence inherent in this behavior is described by James Duesenberry’s “demonstration effect.” An intertemporal theory of this behavior was updated with discounted utility theory to form a “smoothing” effect in Franco Modigliani’s (*) life-cycle hypothesis. This behavior’s marginal propensity is subtracted from 1 (10[1])in formulas that calculate the fiscal multiplier. (-5[1])A variable that quantifies this behavior is typically the largest factor (10[1])in calculating GDP and positively correlates with disposable income. A key tenet (10[1])in Keynesian economics holds that governments can end recessions through this behavior’s (10[1]-5[1])“deficit” type. For 10 points, (10[1])name this variable often contrasted with saving. ■END■ (10[2])

ANSWER: consumption [or consuming, or spending, or buying, or purchasing; accept deficit spending or government spending; accept marginal propensity to consume; accept intertemporal consumption; accept collaborative consumption]
<MB, Social Science>
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PlayerTeamOpponentBuzz PositionValue
James MangravitiBoston College BTufts B6410
Nitin RaoHarvardYale71-5
Nathan SheffieldMITAmherst8210
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Richard ZhangBoston College ATufts A106-5
Richard LimBowdoin CClark Wilson10610
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Madeline StrausTufts ABoston College A11910
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