If the Consumption Function Is C = 80 + 0

question 44

Multiple Choice

If the consumption function is C = 80 + 0.6Y, then the autonomous consumption equals:

• A) - 0.4.
• B) 0.4.
• C) 80.
• D) 0.6.

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Definitions:

Decimal Places

Refers to the number of digits to the right of the decimal point in a decimal number, indicating its precision.

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An input field designed specifically to hold numerical data, often found in forms, databases, and spreadsheet applications.

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A column in a database table that creates a link between two tables by referring to the primary key of another table.