Given that C = $1,000 + 0.60YD,if the level of disposable income is $1,000,the level of saving is
A) $600.
B) $400.
C) -$600.
D) -$300.
Correct Answer:
Verified
Q10: The components of aggregate demand are
A)Consumption,government spending,net
Q11: The MPC + MPS must always equal
A)The
Q12: Given that C = $500 + 0.8YD,if
Q13: Suppose the MPC in an economy is
Q14: Under what conditions would the APC equal
Q16: The marginal propensity to consume can be
Q17: If the MPC is 0.60 and disposable
Q18: According to Keynesian theory,which of the following
Q19: Consumption expenditures
A)Account for approximately two-thirds of total
Q20: Given a consumption function of C =
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