If Consumption C Is $1 Billion When Disposable Income Y

question 83

Multiple Choice

If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars) . Round your answer to two decimal places. ​

---

Definitions:

Free-Floating Anxiety

A general feeling of uneasiness or anxiety that is not related to any specific object or situation.

Systematic Desensitization

A therapeutic technique aimed at reducing anxiety or phobias through gradual exposure to the feared object or situation combined with relaxation exercises.

Phobias

Intense, irrational fears of specific objects or situations, significantly impacting an individual's daily life.

Unconscious Thoughts

Mental processes that occur without conscious awareness, influencing feelings, thoughts, and behaviors in ways not immediately accessible to introspection.