Here Is a Consumption Function: C = C₀ + MPC(Y_d)

question 91

Multiple Choice

Here is a consumption function: C = C₀ + MPC(Y_d) .If MPC is 0.75,then we know that

• A)as Y_d rises by $1,Co rises by $0.75.
• B)as Y_d rises by $1,C rises by $0.75.
• C)Y_d rises by $0.75.
• D)as C₀ rises by $0.75,Y_d rises by $1.

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Definitions:

Layoffs

The temporary or permanent dismissal of employees from their jobs due to economic downturns, restructuring, or other organizational changes.

Union Certification Process

The procedure through which a union is officially recognized as the bargaining representative for a group of employees, typically involving an election.

Misrepresent

To provide a false or misleading representation of facts, leading to incorrect impressions or conclusions.

Threaten Employees

The act of intimidating or pressuring employees, often to elicit a particular outcome or behavior.