The Keynesian Consumption Function Is C = a + BYd

question 9

Multiple Choice

The Keynesian consumption function is C = a + bYd. What does "a" represent?

• A) The marginal propensity to consume
• B) Disposable income
• C) Autonomous consumption spending
• D) Total consumption

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Definitions:

Percussion Instruments

Musical instruments that produce sound by being struck, shaken, or scraped, such as drums or cymbals.

Stringed Instruments

Musical instruments that produce sound by vibrating strings, played either by plucking, striking, or using a bow.

Wind Instruments

Musical instruments that produce sound by the vibration of air in a tube; examples include flutes, clarinets, and trumpets.

Nearly Normal Condition

A condition in statistics where a sample distribution approximates a normal distribution, often requisite for certain types of inference.