If the Consumption Function in a Keynesian Model Is C

question 4

Multiple Choice

If the consumption function in a Keynesian model is C = 60 + 0.7Y, then the associated saving function is __________.

• A) S = - 60 + 0.3Y
• B) S = - 60 + 0.7Y
• C) S = 40 + 0.3Y
• D) S = - 40 + 0.3Y

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Definitions:

In-Group

A group to which an individual belongs, identifying as a member, often leading to favoritism and bias towards group members.

Exclusivity

The state or condition of being exclusive, typically meaning that something is limited to specific people or groups and not available to others.

Stationary Bicycle

An exercise machine that simulates the actions of cycling without moving from the spot, used for fitness and training.

Social Facilitation

Describes how the presence of others influences an individual's performance, typically improving on well-practiced tasks.