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:

Gerontophobia

An irrational fear, hatred, or aversion towards old people or aging, often resulting from societal stereotypes and misconceptions about the elderly.

Prejudice

Preconceived opinion or bias, often based on stereotypes, towards people, places, or things, without adequate knowledge or reason.

Gerontocracy

A form of societal structure in which the power is held by a significantly older population or the leadership is markedly older than the average adult population.

Stereotypes

Oversimplified and generalized beliefs about a particular group of people or category, often leading to prejudiced attitudes and behaviors.