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Suppose the Consumption Schedule Is: C = 20

Question 33

Multiple Choice

Suppose the consumption schedule is: C = 20 + .9Y, where C is consumption and Y is disposable income.Refer to the above data.At an $800 level of disposable income, the level of saving is:


A) $180
B) $740
C) $60
D) $18

Correct Answer:

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