The Aggregate Consumption Function Is C = 100 + 0

question 218

Multiple Choice

The aggregate consumption function is C = 100 + 0.5Yd. If income is $2,000 and net taxes are $400, consumption equals

• A) 900.
• B) 1,300.
• C) 3,300.
• D) 4,900.

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Definitions:

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A publication that summarizes and analyzes news stories on a weekly basis, often covering a wide range of topics.

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Any arousal of sexual desires or love, often leading to sexual activity.

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The ability to perceive, enjoy, or express what is amusing, comical, incongruous, or absurd.

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A legal or societal recognition of an individual's standing regarding marriage, such as single, married, divorced, or widowed.