If the Consumption Function Is Given by C = 150

question 115

Multiple Choice

If the consumption function is given by C = 150 + 0.85(Y - T) and T increases by 1 unit, then savings:

• A)decreases by 0.85 unit.
• B)decreases by 0.15 unit.
• C)increases by 0.15 unit.
• D)increases by 0.85 unit.

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Definitions:

Aging

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Connections or associations between two or more people, characterized by emotional, social, or professional interactions.

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Issues or situations that pose a risk to the health, well-being, or security of individuals or communities.

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Small, movable rugs that can be placed in various locations around a home, often used for decoration or to provide comfort and warmth.