« previous next »

Author Question: If the consumption function is given by C = 100 + 0.75(Y-T), then an increase of 10 units in taxes ... (Read 59 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
If the consumption function is given by C = 100 + 0.75(Y-T), then an increase of 10 units in taxes will cause the IS schedule to shift to the right by
 
  a. -30 units.
  b. -10 units.
  c. 30 units.
  d. 40 units.

Question 2

Saying the consumer is rational means
 
  A) the consumer is a stand-in for all consumers.
  B) the consumer is getting rationed.
  C) the consumer makes reasonable choices.
  D) the consumer makes the best choices.


sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Jacob, Monod, and Pardee's hypothesis for the function of the lacI region Jacob, Monod, and Pardee's hypothesis for the function of the lacI region
Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif
Transformation of Exponential Function Transformation of Exponential Function
Ferris Wheel Periodic Function Ferris Wheel Periodic Function
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Graph the function by hand & label key points on graph: Graph the function by hand & label key points on graph:
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library