Author Question: Consider the above figure. The equation for the consumption function is A) C = 40 + 50Yd. B) C = ... (Read 85 times)

faduma · **on:** Jun 30, 2018

Consider the above figure. The equation for the consumption function is

A) C = 40 + 50Yd. B) C = 40 + 0.33Yd. C) C = 40 + 60Yd. D) C = 40 + 0.1Yd.

Question 2

To the extent that the value of money is less predictable, it becomes

A) more acceptable as a store of value.
B) less acceptable as a medium of exchange.
C) more acceptable as a standard of deferred payment.
D) more acceptable as a unit of account.