Multiple Choice
Assume a consumption function of the following form: C = 100 + .8Y. If income is equal to $3,000, then consumption is
A) $2,400.
B) $2,500.
C) $2,900.
D) $3,100.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: Keynes argued that if the economy is
Q14: If the aggregate supply curve is horizontal,
Q15: Keynesian theory emphasizes<br>A) aggregate supply.<br>B) rational expectations.<br>C)
Q16: As part of the "wealth channel of
Q17: In the simple Keynesian model which has
Q19: In the aggregate demand and supply framework,
Q20: As a result of a decline in
Q21: In the simple Keynesian expenditure model, a
Q22: As part of the "wealth channel of
Q23: As part of the "wealth channel of