Solved

(Advanced Analysis)If the Equation C = 20

Question 15

Multiple Choice

(Advanced analysis) If the equation C = 20 + .6Y,where C is consumption and Y is disposable income,were graphed:


A) the vertical intercept would be +.6 and the slope would be +20.
B) it would reveal an inverse relationship between consumption and disposable income.
C) the vertical intercept would be negative,but consumption would increase as disposable income rises.
D) the vertical intercept would be +20 and the slope would be +.6.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions