If the Consumption Function Is Defined as C = 7,250

question 86

Multiple Choice

If the consumption function is defined as C = 7,250 + 0.8Y,what is the value of the multiplier?

• A)0.2
• B)0.8
• C)1.25
• D)5

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Definitions:

Social Differentiation

The process by which a society becomes increasingly complex through the development of specialized social roles and institutions.

Types of Society

Refers to categories or classifications of societal organizations and structures, based on their dominant characteristics like economy, social cohesion, and technology.

Social Control

Mechanisms, strategies, and institutions used by society to regulate individual behavior and maintain social order.

Gemeinschaft Society

A term introduced by sociologist Ferdinand Tönnies to describe a community or society characterized by close, personal relationships and strong social cohesion.