Suppose the Consumption Function Is Given by the Equation C

question 228

Multiple Choice

Suppose the consumption function is given by the equation C = 100 + 0.8YD, where YD is disposable income. What is the marginal propensity to consume?

• A) 0.2
• B) 0.8
• C) 2.0
• D) 100

---

Definitions:

Nursing Practice

The profession or practice of providing care for the sick and infirm, including a wide range of healthcare activities.

Quality Improvement Projects

Initiatives aimed at enhancing the efficiency, effectiveness, and safety of processes in various sectors, particularly healthcare.

National Recession

A period of economic decline across a country, usually defined as two consecutive quarters of decreasing gross domestic product (GDP).