Given the Consumption Function C = $500 Billion + 0

question 204

Multiple Choice

Given the consumption function C = $500 billion + 0.80Y, an increase in disposable income from $6,000 billion to $7,000 billion will cause consumption to increase by:

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

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Definitions:

Sentenced to Death

The legal punishment of execution administered to an individual convicted of a capital crime.

Black Person

An individual of African descent, often used in contexts related to racial identity and experiences.

White Person

An individual belonging to a racial group characterized by the light pigmentation of the skin, often associated with European descent.

Murders

The unlawful killing of one human by another, especially with premeditated intent.