The aggregate consumption function is C = 150 + 0.75Yd. If income is $500 and net taxes are zero, consumption equals

Name: The aggregate consumption function is C = 150 + 0.75Yd. If income is $500 and net taxes are zero, consumption equals
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Given the aggregate consumption function C = 150 + 0.75Yd, where Yd is disposable income. If income (Y) is $500 and net taxes are zero, Yd equals Y, which is $500. Plugging this into the equation gives C = 150 + 0.75(500) = 150 + 375 = 525.

The Aggregate Consumption Function Is C = 150 + 0