Question: Given the consumption function c = $16,000 + 0.5 yd, if individual household current disposable income is $20,000, individual household consumer spending will equal a.

Given the consumption function c = $16,000 + 0.5 yd, if individual household current disposable income is $20,000, individual household consumer spending will equal

a. $36,000.

b. $26,000.

c. $20,000.

d. $16,000.

e. $6,000.

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