Here Is a Consumption Function: C = C 0 + MPC(Y d )

The Answer of Here Is a Consumption Function: C = C 0 + MPC(Y d )

Here Is a Consumption Function: C = C 0 + MPC(Y d )

The Answer of Here Is a Consumption Function: C = C 0 + MPC(Y d )

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Here Is a Consumption Function: C = C₀ + MPC(Y_d)

Question 9

Multiple Choice

Here is a consumption function: C = C₀ + MPC(Y_d) .If consumption is $2,000,MPC =0.75,and disposable income is $2,000,what does autonomous consumption equal?

A) $950
B) $3,500
C) $500
D) $4,500
E) none of the above

Here Is a Consumption Function: C = C0 + MPC(Yd)

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Here Is a Consumption Function: C = C₀ + MPC(Y_d)

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