The Aggregate Consumption Function Is C = 800 + 0

question 221

Multiple Choice

The aggregate consumption function is C = 800 + 0.8Yd. If income is $2,000 and net taxes are $500, consumption equals

• A) 1,500.
• B) 2,000.
• C) 2,050.
• D) 2,150.

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Definitions:

Condemnation

The expression of very strong disapproval or the act of sentencing someone to a particular punishment, especially in a moral or legal context.

Expulsion

The act of forcing someone or something out of a place or situation.

Nucleus Accumbens

A region in the brain involved in the reward circuit, playing a key role in pleasure, reinforcement, and addiction.

Neurologically Rewarding

An experience or activity that triggers the brain's reward system, leading to pleasure and potentially reinforcing certain behaviors.