If the Consumption Function Is Defined as C = 5,500

question 212

Multiple Choice

If the consumption function is defined as C = 5,500 + 0.9Y,what is the autonomous level of consumption expenditure?

• A)$4,950
• B)$5,500
• C)$6,050
• D)$6,111

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Definitions:

Research

A systematic investigation into and study of materials, sources, etc., in order to establish facts and reach new conclusions.

Settling Down

The process of adopting a more stable and less erratic lifestyle, often associated with making long-term commitments in personal and professional domains.

Awakened

Refers to the state of being roused from sleep or gaining consciousness, or metaphorically, becoming aware of social or personal issues.

Threatened

A state or condition in which an individual feels at risk of harm or danger.