Suppose the Consumption Function Is C = $500 + 0

question 35

Multiple Choice

Suppose the consumption function is C = $500 + 0.8Y. If Y = $1,000, then induced consumption is

• A) $500.
• B) $800.
• C) $1,000.
• D) $1,300.

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Definitions:

Atmospheric Circulation

Atmospheric circulation refers to the large-scale movement of air through the troposphere, distributing heat and moisture around the planet.

Temperature

A measure of the average kinetic energy of the particles in a system, related to the perception of heat or cold.

Solar Energy

The radiant energy emitted by the sun, which can be converted into other forms of energy, such as heat or electricity.

Solar Radiation

The electromagnetic radiation, including ultraviolet, visible, and infrared light, emitted by the sun.