Given the consumption function C = 5000 + 0.6Yd, an increase in the disposable income of $500 will result in an increase in consumption of Yd = Y - T which of the following statements is true about say's law

A) $300

B) $500

C) $600

D) $5,300

E) None of the Above

Question

Cayden Hines

5 February, 21:41

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Scarlett Cantu · Answer 1

Scarlett Cantu 5 February, 23:25

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The answer is E. None of the above

Given the consumption function C = 5000 + 0.6Yd, an increase in the disposable income of $500 will result in an increase in consumption of Yd = Y - T which of the following statements is true about say's lawA) $300B) $500C) $600D) $5,300E) None of the Above