Solved

The Letters Y, C, S, and I Are Used to Represent

Question 40

Multiple Choice

The letters Y, C, S, and I are used to represent GDP, consumption, saving, and investment respectively. The letters Y, C, S, and I are used to represent GDP, consumption, saving, and investment respectively. The equation representing the consumption schedule for the above economy is: A) C = Y -.6S. B) Y = C + S. C) C = 60 + .4Y. D) C = 60 + .6Y. The equation representing the consumption schedule for the above economy is:


A) C = Y -.6S.
B) Y = C + S.
C) C = 60 + .4Y.
D) C = 60 + .6Y.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q35: The equilibrium GDP is the level of

Q36: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" In the above

Q37: The letters Y, C, I<sub>g</sub>, X, and

Q38: Planned investment is $75 billion and saving

Q39: Exports have the same macroeconomic effect on

Q41: What is the likely result from a

Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q43: Other things equal, if a change in

Q51: In moving from a private closed to

Q84: The effect of imposing a lump-sum tax