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    Exam 11: The Income-Expenditure Model
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    Assume That the Consumption Function Is C = 200
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Assume That the Consumption Function Is C = 200

Question 222

Question 222

Multiple Choice

Assume that the consumption function is C = 200 + 0.8Y. When Y equals $200, then C equals _______.


A) $160
B) $200
C) $360
D) $400

Correct Answer:

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