Solved

(Advanced Analysis) Assume the Following Consumption Schedule: C = 20

Question 62

Multiple Choice

(Advanced analysis) Assume the following consumption schedule: C = 20 + 0.9Y, where C is consumption and Y is disposable income. At an $800 level of disposable income, the level of saving is


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

Correct Answer:

verifed

Verified

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

Related Questions

Q57: Which of the following will not cause

Q58: Economists widely agree that the value of

Q59: The multiplier shows the relationship between changes

Q60: The most important determinant of consumption and

Q61: The MPC can be defined as the<br>A)

Q63: The multiplier is<br>A) 1/MPC.<br>B) 1/(1 + MPC).<br>C)

Q64: <span class="ql-formula" data-value="\begin{array} { | c |

Q65: If the real interest rate in the

Q66: The multiplier can be calculated as<br>A) 1/(MPS

Q67: <span class="ql-formula" data-value="\begin{array} { | c |