The aggregate consumption function is C = 800 + 0.8Yd. If income is $2,000 and net taxes are $500, consumption equals
A) 1,500.
B) 2,000.
C) 2,050.
D) 2,150.
Correct Answer:
Verified
Q2: If output is less than planned aggregate
Q3: Refer to the information provided in Table
Q4: The aggregate consumption function is C =
Q5: Which of the following is not a
Q6: Refer to the information provided in Table
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 =
Q12: When the government sector is included in
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