Assume That the Consumption Function Is Given by C =

question 38

Multiple Choice

Assume that the consumption function is given by C = 150 + 0.85(Y - T) , the tax function is given by T = t + t Y, and Y 0 1
Is 5,000. If t decreases from 0.3 to 0.2, then consumption increases by:
1

• A)85.
• B)425.
• C)500.
• D)525.

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The process of selecting a course of action from several alternatives to achieve a desired result.

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Modern methods or techniques being used in a particular field or discipline.

Decision Making

Deciding on a particular action from a range of possible actions by using cognitive functions.

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