Brightcord2087 Brightcord2087
  • 13-03-2024
  • Business
contestada

For a simple economy C = 1500 + .80Y, where C = consumption and Y = GDP. If income increases by 400, consumption will increase by:
a) 160.
b) 240.
c) 320.
d) 400.
e) 1820.

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