If the Consumption Function Is Given by C = 150

question 105

Multiple Choice

If the consumption function is given by C = 150 + 0.85Y and Y increases by 1 unit, then savings:

• A) decreases by 0.85 units.
• B) decreases by 0.15 units.
• C) increases by 0.15 units.
• D) increases by 0.85 units.

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Definitions:

Tenured Faculty

Faculty members who have been granted permanent employment status, typically after a probationary period, providing them with job security and academic freedom.

Resource Limitations

Involve the constraints and scarcities within an organization or project that affect the availability of materials, finances, and human resources.

Force Field Analysis

A tool used to analyze the forces for and against a change, to identify the factors that can influence a situation.

Equilibrium

A state of balance or stability, often used in physics, chemistry, or economics to describe conditions under which competing influences are balanced.