Multiple Choice
Given the consumption function C = $100 billion + 0.75 ($300 billion) , autonomous consumption is equal to:
A) $100 billion.
B) $225 billion.
C) $300 billion.
D) $325 billion.
E) $400 billion.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q89: Consider the Keynesian consumption function. If disposable
Q100: The investment demand curve as a function
Q200: The marginal propensity to consume is:<br>A)the change
Q201: Keynesian economics:<br>A)affirms the classical economists' basic premise
Q202: Saving is disposable personal income spent on
Q203: The hands-off view of the classical school
Q204: Given the consumption function C = $500
Q206: If people expect prices to fall in
Q207: If income increases from $110,000 to $120,000
Q210: Saving is disposable personal income not spent