If the Consumption Function Is C = 20 + 0

question 62

Multiple Choice

If the consumption function is C = 20 + 0.5Y_D,then an increase in disposable income by $100 will result in an increase in consumer expenditure by

• A)$25.
• B)$70.
• C)$50.
• D)$100.

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Definitions:

Ethnic Identities

Aspects of individuals' self-concepts based on their membership in ethnic groups, including a sense of belonging, shared culture, and heritage.

Majority Culture

The dominant cultural group in a society, whose beliefs, values, and practices are most widely accepted and influence societal norms.

Erikson

Refers to Erik Erikson, a psychologist known for his theory on psychosocial development across eight stages of human life.

Individuality

Consists of two dimensions: self-assertion, the ability to have and communicate a point of view; and separateness, the use of communication patterns to express how one is different from others.