Assume That the Consumption Function Is C = 100

question 204

Multiple Choice

Assume that the consumption function is C = 100 + 0.8Y, income (Y) is $1,000 billion, and investment I is $50 billion, then the unplanned inventory change will be $ _______ billion.

• A) - 50
• B) 0
• C) 50
• D) 100

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Definitions:

Patent

A legal right granted by the government to an inventor for a certain period of time, allowing them to exclude others from making, using, selling, or distributing the patented invention without permission.

Renewed

The act of extending the period of validity or effectiveness of something, such as a license, subscription, or agreement.

Trade Secret

A type of intellectual property consisting of a practice, design, formula, process, or compilation of information not generally known or reasonably ascertainable, by which a business can gain an economic advantage over competitors or customers.

Unfair Competition

Business practices that are deceptive, fraudulent, or otherwise harmful to consumers or other businesses, leading to an uneven playing field.