Assume That Autonomous Consumption Equals $200 and That the Mpc

question 56

Multiple Choice

Assume that autonomous consumption equals $200 and that the mpc equals 0.8. If disposable income equals $1,000,then total consumption equals

• A)$80.
• B)$200.
• C)$800.
• D)$1,000.

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Definitions:

Directs

Commands or instructions given with authority to guide or control actions or decisions.

Controls

Mechanisms, rules, or protocols used to regulate behaviors, processes, or operations.

Plans

Detailed proposals for doing or achieving something, often involving a series of steps or actions.

Ethics Competency

The ability to understand and apply ethical principles and standards in personal and professional situations.