The Aggregate Consumption Function Is C = 1,000 + 0

question 252

Multiple Choice

The aggregate consumption function is C = 1,000 + 0.9Yd. If income is $3,600 and net taxes are $600, consumption equals

• A) 2,400.
• B) 3,400.
• C) 3,700.
• D) 4,000.

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Definitions:

Beliefs

Deeply held convictions or acceptances that something is true or exists, often based on cultural, intellectual, or personal understanding and faith.

Attitude Object

A specific entity toward which an individual's attitudes are directed, such as a person, product, issue, or concept.

Beliefs

Deeply held convictions or acceptances that certain things are true or real, often forming the basis of individual or collective actions and attitudes.

Perceptions

The process of interpreting, processing, and organizing sensory information to understand the environment or situation.