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 (15[1])in Franco (15[1])Modigliani’s (15[1])(*) life-cycle hypothesis. This behavior’s marginal propensity is subtracted from 1 in formulas that calculate the fiscal multiplier. A variable that quantifies this behavior is typically the largest factor in calculating GDP (10[1])and positively correlates with disposable income. (10[1])A key tenet in Keynesian economics holds that governments can end recessions through (10[1])this behavior’s “deficit” type. For 10 points, name this variable often contrasted with saving. ■END■

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
Parth JagtapToronto BWaterloo Aspidistra5115
Gareth ThorlaksonToronto AOttawa Absolomabsolomabsolom5315
Rayton LinWaterloo ClozeCarleton A5415
Joey SunToronto Chestnut Rice and KamehamehaMcMaster ApocolocyntosisBidii8510
Nick EdwardsMcGill AToronto Metropolitan A9110
Micah ColmanWaterloo BasicToronto Disband the Club 2k2410410