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November 28, 2014

Homework Help: Economics

Posted by Mary on Friday, November 9, 2012 at 2:13am.

Consider the simple economy of Behr, whose government does not tax its citizens. The consumption function of Behr is given by: C=500+.8Y, where Y is income. the autonomous consumer spending in this economy is:
A. $1000
B. $800
C. $500
D. $.80
E. $1800

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