In the Keynesian linear consumption function Y=?1+?2X, ?1 is
A)slope coefficient
B)intercept coefficient
C)output coefficient
D)none of the above

Question

Quizplus · Accepted Answer

In the Keynesian linear consumption function Y=?1+?2X, ?1 represents the intercept coefficient, which is the part of consumption that does not depend on income (X). It's the base level of consumption when income is zero.

In the Keynesian Linear Consumption Function Y=?1+?2X, ?1 Is