If the Consumption Function Is Defined as C = 7,250

question 51

Multiple Choice

If the consumption function is defined as C = 7,250 + 0.8Y,what is the autonomous level of consumption expenditure?

• A)$5,800
• B)$7,250
• C)$9,062.50
• D)$9,700

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Definitions:

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Established or decided in advance, not occurring by chance.

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An ancient Greek philosopher and scientist, a student of Plato and teacher of Alexander the Great, whose writings covered many subjects and laid the groundwork for much of Western philosophy.

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