You are given the following consumption function C = 50 + .80YD. What is the amount of autonomous consumption expenditures?
A) 75
B) 100
C) 5
D) 50
Correct Answer:
Verified
Q1: Potential GDP focuses on the:
A)long-run supply side
Q5: The marginal propensity to consume is
Q6: Short-run macroeconomic policies concentrate on:
A)minimizing fluctuations around
Q7: Long-run macroeconomic policies concentrate on:
A)minimizing fluctuations around
Q8: The nominal interest rate is 7 percent
Q10: Measuring expenditures and income with the price
Q15: Measuring expenditures and income with the price
Q17: If marginal propensity to save equals 0.50,then
Q18: The vital link between the real and
Q20: For the U.S.economy,the largest expenditure category is:
A)government
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