A. Reference: Ref 11-2 B. Reference: Ref 11-2 (Table: Individual and Aggregate C

Question

A.

Reference: Ref 11-2

B.

Reference: Ref 11-2

(Table: Individual and Aggregate Consumption Functions) Which of the following represents Fred's individual consumption function? C = 100 + 0.7YD. C = 100 + 0.5YD. C = 0.80YD. C = 150 + 0.8YD. Table: Individual and Aggregate Consumption Functions Reference: Ref 11-2 (Table: Individual and Aggregate Consumption Functions) Which of the following represents Fred's individual consumption function? C = 100 + 0.7YD. C = 100 + 0.5YD. C = 0.80YD. C = 150 + 0.8YD. B. David receives a tax refund of $800. He spends $600 and saves $200. David's marginal propensity to consume is: 0.75. 0.6. 0.20. 0.25.

Explanation / Answer

My answer is:

A) C = 150 + 0.8YD

B) 0.6

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