Solved

Suppose the Consumption Function Is C = $200 + 0

Question 142

Multiple Choice

Suppose the consumption function is C = $200 + 0.85YD.If disposable income is $400,consumption is


A) $200.
B) $540.
C) $340.
D) $185.

Correct Answer:

verifed

Verified

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

Related Questions

Q137: Refer to Table 9.2.(Data are expressed

Q138: In response to changing inventories in Figure

Q139: Given the information in Figure 9.7,dissaving would

Q140: According to Keynes,cyclical unemployment is caused by

Q141: Keynes was concerned that at macroeconomic equilibrium

Q143: Keynes was concerned that at macroeconomic equilibrium

Q144: The marginal propensity to consume (MPC)is related

Q145: Using Figure 9.9,and assuming the full-employment output

Q146: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" In Figure 9.5,a

Q147: Suppose the MPC in an economy is