Answer to Question #182595 in Macroeconomics for don

Question #182595

Consumption (C) is 600 when income (Y) is equal to 1500. Solve for autonomous consumption

Expert's answer

Autonomous consumption in this case is;

"C = A + D"

"600=A+1500"

"A=-900"

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. If wealth increases does spending decrease
2. Suppose that a small national economy consists of one firm. During a certain period of time the firm
3. For each of the following assets, answer if it is considered:M1 moneyM2 moneyNeither M1 or M2 (it is
4. An expansionary monetary policy is shown as
5. Explain the three approaches to national income accounting in detail. Why are the three approaches t
6. 41.Suppose that an auto company owned entirely by Canadian citizens opens a new facility in the U.S.
7. Which one of the following statements is correct :(a). An increase in expenditure for healthcare tha