Solved: What is the value of autonomous consumption a and what is, Business Economics

+44 141 628 6080
[email protected]

What is the value of autonomous consumption a and what is

Let real GDP =Y = Y_d, and the consumption function is C = $1,000 + .06Y.

What is the value of autonomous consumption (A) and what is the marginal propensity to consume (MPC)?

A) A = $600; MPC = 0.4

B) A = $1,000; MPC = 0.6

C) A = $1,600; MPC = 2.5

D) A = $2,500; MPC = 0.6

View Complete Question

Solution Preview :

Prepared by a verified Expert

Business Economics: What is the value of autonomous consumption a and what is

Reference No:- TGS02614958

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Which are forms of media bias

Question: Which of the following are forms of media bias? (Select all that apply)

Identify problems and concerns that contributed

Identify problems and concerns that contributed to the many race-related protests and unrest during the 2020 year.

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

How does the pyramid change

Staying with Nigeria, rewind the year to 1950. Using the +5 year control, fast forward in 5 year increments until you reach 2020.

How are schools important in the struggle for power

Question: How are schools important in the struggle for power and status?

Examine gender inequality on a global scale

Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism

Solution Preview :

Prepared by a verified Expert

Business Economics: What is the value of autonomous consumption a and what is

Reference No:- TGS02614958

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Accounting for notes receivable and accruing interest

Q : Suppose the total benefit derived from a continuous

Q : What is their adjusted tax basis what code section dictates

Q : What should be the reported net asset balance of the

Q : What is the value of autonomous consumption a and what is

Q : Established a plant addition fund of 490000 to be available

Q : What amount of bad debts expense would rosebud report on

Q : Suppose that the full employment level of nominal gdp rises

Q : What is the amount of the low-income housing credit that