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:

Evaluation Apprehension

The fear of being judged by others, which can influence behavior and performance in social and evaluative situations.

Production Blocking

A phenomenon where an individual's contribution or productivity is impeded or halted by the pacing and processes of a group activity.

Informal Groups

Informal groups are naturally occurring social networks within an organization, formed by employees based on common interests, friendships, or social affiliations, and not officially designated by the organization.

Revenue-Generating Uses

Strategies or activities implemented by a business to increase its income or profit.