For the Consumption Function, C = Ca + BY, Ca

question 254

Multiple Choice

For the consumption function, C = Ca + bY, Ca represents:

• A) the level of consumption that is independent from income.
• B) aggregate consumption.
• C) the slope of the line.
• D) aggregate output.

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Definitions:

Low-Income Households

Families or living units earning significantly less income than the average, often leading to limited access to resources and services.

High School Dropouts

Individuals who do not complete their high school education and receive a diploma.

Delinquency

Involvement in minor crimes, especially among young people, characterized by behaviors that violate social norms and laws.

Criminal Behavior

Actions that contravene the laws established by a community or country, often leading to arrest, conviction, and punishment.