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QUESTION
Scenario: Aggregate Consumption Equation Suppose that the aggregate consumption function is given by the equation: C = 200 + 0.8 YD, where C...
Scenario: Aggregate Consumption Equation
Suppose that the aggregate consumption function is given by the equation: C = 200 + 0.8 YD, where
C represents consumption and YD represents disposable income.
Reference: Ref 25-9
(Scenario: Aggregate Consumption Equation) According to the scenario Aggregate Consumption
Equation, if disposable income is $500, aggregate consumption is:
A. $600
B. $0
C.$200
D.$400
