15. Suppose the consumption function is C = $200 + 0.8Y. a. What is the amount of...

Question:

15. Suppose the consumption function is C = $200 +

0.8Y.

a. What is the amount of autonomous consumption?

b. What is the marginal propensity to consume?

c. What would consumption equal when real GDP equals $1,000?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 9781250781284

8th Edition

Authors: William Boyes, Michael Melvin

See More Books

Question Posted: Nov 12, 2024 02:00 AM

See More Questions

Section A. 1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%. Agree or disagree and explain your answer in a paragraph. What is the current actual...
Assignment 01 (semester 2) Assignment 01 Unique number 730716 Closing date 30 August 2021 Content Learning units 1 and 2 of the Study Guide and the relevant chapters of the prescribed book Questions...
7. If a bond is quoted in the newspaper at 88.75, the current price of a $1,000 face value bond is: (Points : 1) $75.00 $88.00 $88.75 $887.50 $1,000.00 11. Assume the beta for the stock market in...
Select the best answer. 1. A local chapter of the Society for Protection of the Environment beneted from the voluntary services of two attorneys. One served as a member of the Society's board of...
Effective Group Decisions at the Denver Broncos* Based on the case, Effective Group Decisions at the Denver Broncos, please provide in-depth answers to the following three questions: 1. (a) Describe...
An electron moves through a uniform electric field E = (2.50i 2 5.00j) V/m and a uniform magnetic field B = (0.400k) T. Determine the acceleration of the electron when it has a velocity v = 10.0i m/s.
15. Suppose the consumption function is C = $200 + 0.8Y. a. What is the amount of autonomous consumption? b. What is the marginal propensity to consume? c. What would consumption equal when real GDP...
Assume Polaris invested $ 2.12 million to expand its manufacturing capacity. Assume that these assets have a ten-year life, and that Polaris requires a 10% internal rate of return on these assets....
Let X1 and X2 be the numbers on two independent rolls of a fair die. Let M = max(X1, X2) and N = min(X1, X2). Compute (a) E(M|N = x). (b) E(N|M = x). (c) E(N).
14. Why is the slope of the C + I + G function different from the slope of the C + I + G + X function?
Explain why the consumption function is flatter in the short run than in the long run. Draw a diagram to illustrate your answer.
Consider the water gas reaction in Example 15.4. Find the equilibrium constant at 500, 1000, 1200 and 1400 K. What can you infer from the result?
Question 5 (1 point) Outstanding cheques are cheques: not yet deducted on the books that have been paid by the bank not yet mailed by the payor not yet paid by the bank Question 6 (1 point) A company...
Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's producti Inventory on September 1 % Complete Units Started Costs Added in September...
Check e TB MC Qu. 02-21 Prior to being united in a business... Prior to being united in a business combination, Taunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Common...
[The following information applies to the questions displayed below.] XYZ is a calendar-year corporation that began business on January 1, 2020. For the year, it reported the following information in...
Prest Metal Products manufactures and sells various products. The products are manufactured at one of a few plants (depending on the product) and then shipped to a distribution center for eventual...
The wedge blocks are used to hold the specimen in a tension testing machine. Determine the design angle of the wedges so that the specimen will not slip regardless of the applied load. The...
When the Department of Homeland Security created a color-coded system to prepare government officials and the public against terrorist attacks, what did it do right and what did it do wrong?

15. Suppose the consumption function is C = $200 + 0.8Y. a. What is the amount of...

Question:

Step by Step Answer:

Macroeconomics

Students also viewed these Business questions