In Econland Autonomous Consumption Equals 700, the Marginal Propensity to Consume

question 135

Multiple Choice

In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, planned investment is fixed at 100, government purchases are fixed at 100, and net exports are fixed at 40. The vertical intercept of the expenditure line is:

• A)890.
• B)900.
• C)940.
• D)990.

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Definitions:

End-Stage Renal Disease

A chronic condition where the kidneys lose their ability to filter waste, electrolytes, and fluids effectively, often requiring dialysis or transplantation.

Third-Party Payers

Entities (other than the patient or healthcare provider) responsible for paying for medical services, such as insurance companies and government programs.

Economics

The social science that studies how individuals, businesses, governments, and societies make choices about allocating resources to satisfy their wants and needs.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.