Multiple Choice
If the consumption function is given by C = 150 + 0.85Y and Y increases by 1 unit, then savings:
A) decreases by 0.85 unit
B) decreases by 0.15 unit.
C) increases by 0.15 unit.
D) increases by 0.85 unit.
Correct Answer:
Verified
Correct Answer:
Verified
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