If the Keynesian consumption function is C=10+0.8Yd then, if disposable income is 1000, what is amount of total consumption ?
A)0.8
B)800
C)810
D)0.81

Name: If the Keynesian consumption function is C=10+0.8Yd then, if disposable income is 1000, what is amount of total consumption ? A)0.8 B)800 C)810 D)0.81
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Quizplus · Accepted Answer

The Keynesian consumption function given is C = 10 + 0.8Yd. Plugging in the disposable income (Yd) of 1000, we get C = 10 + 0.8(1000) = 10 + 800 = 810.

If the Keynesian Consumption Function Is C=10+0