The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals
A) 800.
B) 700.
C) 580.
D) 520.
Correct Answer:
Verified
Q1: During recessions, government spending usually
A) decreases because
Q2: If output is less than planned aggregate
Q3: Refer to the information provided in Table
Q5: Which of the following is not a
Q6: Refer to the information provided in Table
Q7: The aggregate consumption function is C =
Q8: Fiscal policy refers to
A) the techniques used
Q9: After government is added to the income-expenditure
Q10: Disposable income
A) increases when net taxes increase.
B)
Q11: The aggregate consumption function is C =
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents