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If Consumption C Is $1 Billion When Disposable Income Y

Question 85

Multiple Choice

If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars) . Round your answer to two decimal places. ​


A) If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars) . Round your answer to two decimal places. ​ A) B) C) D) E)
B) If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars) . Round your answer to two decimal places. ​ A) B) C) D) E)
C) If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars) . Round your answer to two decimal places. ​ A) B) C) D) E)
D) If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars) . Round your answer to two decimal places. ​ A) B) C) D) E)
E) If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars) . Round your answer to two decimal places. ​ A) B) C) D) E)

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