The aggregate consumption function is C = 1,000 + 0.9Yd. If income is $3,600 and net taxes are $600, consumption equals
A) 2,400.
B) 3,400.
C) 3,700.
D) 4,000.
Correct Answer:
Verified
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)
Q12: When the government sector is included in
Q13: The aggregate consumption function is C =
Q14: The difference between what a government spends
Q15: What determines tax revenues?
A) the income tax
Q16: Refer to the information provided in Table
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