Solved

If the Consumption Function Is Defined as C = 7,250

Question 86

Multiple Choice

If the consumption function is defined as C = 7,250 + 0.8Y,what is the value of the multiplier?

A) 0.2
B) 0.8
C) 1.25
D) 5

Related Questions

Q81: The _ illustrates the relationship between the

Q82: When we graph consumption as a function

Q83: The marginal propensity to consume measures the

Q84: Examples of assets that are included in

Q85: The key idea of the aggregate expenditure

Q87: The consumption function describes the relationship between<br>A)consumption

Q88: If an increase in autonomous consumption spending

Q89: Table 12-11<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-11

Q90: During a(n)_ many firms experience increased profits,which

Q91: Consumption spending is $5 million,planned investment spending