Suppose the Consumption Function Is C = $500 + 0

question 70

Multiple Choice

Suppose the consumption function is C = $500 + 0.8Y. If Y = $1,000, then autonomous consumption is

• A) $500.
• B) $800.
• C) $1,000.
• D) $1,300.

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Definitions:

Innuendo

An indirect or subtle reference, often derogatory or defamatory, which implies something negative.

Assault

An intentional act that causes another person to fear imminent bodily harm.

Unloaded Gun

A firearm that does not have any ammunition in its chamber or magazine.

Defamation

A false statement presented as fact that causes injury or damage to the reputation of a person or entity, potentially leading to legal action.