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

question 252

Multiple Choice

If the consumption function is defined as C = 5,500 + 0.9Y,what is the multiplier?

• A)0.l
• B)0.9
• C)6.1
• D)10

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Definitions:

Supply and Demand Curves

Graphical representations in economics that illustrate the relationship between the supply of goods and services and their prices in the market.