If Consumption Is Given by C = 300

question 44

Multiple Choice

If consumption is given by C = 300 + .6 (Y-T) and I = 300 - 40r,the IS curve is

• A)Y = 600 - 2.4T - 40r + G.
• B)Y = 600 + .6Y -100r - G
• C)Y = 1500 - 1.5T - 100r + 2.5G
• D)Y = 1500 + .6T - 100r - G
• E)none of the above.

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Definitions:

Crisis Situation

A significant and often sudden event or condition that requires immediate attention and action to protect life, property, or the environment.

Pressure

The psychological experience produced by urgent demands or expectations for a person’s behavior that come from an outside source.

Norms

Shared expectations or rules that guide behavior within a group or society.

Conformity

The action of aligning one's attitudes, beliefs, or behaviors to match those of a group or societal norms, often due to real or perceived social pressure.