Question: Need this asap no work just answer! Given the consumption function C = 5000 + 0.6 Y, an increase in disposable income of $500 will

Need this asap no work just answer! Given the consumption function

Need this asap no work just answer!

Given the consumption function C = 5000 + 0.6 Y, an increase in disposable income of $500 will result in an increase in consumption of Y = Y - T: A. $300 B. $500 O C. $600 O D. $5,300 E. None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Given the consumption function C = $758 + 0.75 x Y, an increase in disposable income from $7,640 to $9,080 will cause consumption to increase by: Group of answer choices $360 $800 $1,080 $1,440...

I need some enlightenment here. Hope you can help me. Thank you. 2. Suppose that for a particular economy and period, investment was equal to 100. government expenditure was equal to 75. net taxes...

2. Suppose that for a particular economy and period, investment was equal to 100, government expenditure was equal to 75, net taxes were fixed at 100, and consumption (C ) was given by the...

please help tutors am stuck with explaining 34. Under a managed floating exchange 37. A sudden shift from import tariffs to rate system. the nation's monetary free trade may induce short term...

economics: 34. Under a managed floating exchange 37. A sudden shift from import tariffs to rate system, the nation's monetary free trade may induce short term authorities intervene in foreign...

help please MPK 24. Arrange the "Structural Development 20. A technical change is neutral if MP Processes" in a sequential order : I. Resource Allocation Processes II. Accumulation Process remains...

CLASSICAL ECONOMICS AND THE KEYNESIAN REVOLUTION ( 6 ) Suppose that for a particular economy and period, investment was equal to 1 0 0 , govern - ment expenditure was equal to 7 5 , net taxes were...

Suppose that for a particular economy and period, investment was equal to 300, government expenditure was equal to 200, net taxes were fixed at 170, and consumption was given by consumption function:...

Contractionary fiscal policy consists of: increased government purchases and increased taxes. decreased government purchases and decreased taxes. decreased government purchases and increased taxes....

1. (36 marks total) Math Review: Recall the IS-LM model from your intermediate macro course.1 In particular, the goods-market equilibrium condition (GMEC) was Y = C (Y T)+I (r)+G, and the...

Into what two effects can we divide the effect of a price change?

A series k=0 ak is said to be Cesdro summable to an L R if and only if converges to L as n . a) Let sn = n-1k=0 ak. Prove that for each n N. b) Prove that if ak R and k=0 ak = L converges, then...

A firm's bonds have a maturity of 1 2 years with a 1 , 0 0 0 face value, have an 8 % semiannual coupon, are callable in 6 years at $ 1 , 0 6 6 . 3 2 , and currently sell at a price of 1 , 1 2 3 . 4 8...

QUESTION THREE [15] Customer complaints can be defined as the gaps between what business promises in terms of the product or services and what customers get. It is a mismatch between how customers...

4. What is the goal of the others in the network?

2. What we can learn from the past

17. In a communication context (choose which one), put plus (+) for the areas you find easy to perform and minus (-) for the areas you find difficult to perform. a. to present something to a larger...