If the consumption function is defined as C = 7,250 + 0.8Y, what is the multiplier?
A) 0.2
B) 0.8
C) 1.25
D) 5
E) 10
Correct Answer:
Verified
Q281: If consumption is defined as C =
Q294: If consumption is defined as C =
Q301: C = 2,800 + 0.9Y
I = 750
G
Q302: Given the equations for C, I, G,
Q302: C = 3,600 + (MPC)Y
I = 1,200
G
Q303: The equations for C, I, G, and
Q303: C = 2,550 + (MPC)Y
I = 800
G
Q306: Given the equations for C, I, G,
Q308: If the consumption function is defined as
Q312: Autonomous expenditure times the multiplier equals
A)autonomous saving.
B)autonomous
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