Households' consumption function is: C=100+0.7YHouseholds are more pessimistic about the future and they decide to reduce their consumption by 10 units.What is the intercept of the consumption function now?

Consider the following function:C=100+0.7YWhat is the average consumption when income is 200?Namely, the average propensity to consume

Use the following information to answer the question below.C = 1000 + .8(Y-T)I = 800G = 2000T = 1000The equation for household saving, S, for the above economy is:Group of answer choices-1000 + .8(Y-T)-1000 + .2(Y-T)-1000 - .2(Y-T)3000 + .2Y

Consider the following consumption function:C=100+0.6YWhat is the marginal propensity to consume?

A consumer's spending is widely believed to be a function of their income. To estimate this relationship, a university professor randomly selected 19 of his students and collected information on their spending (Y, in dollars) and income (X, in dollars) patterns in week 6 of the semester. Assuming a linear relationship between Y and X, the professor used the least-squares method and found that the Y intercept = 20.90 and the slope = 0.66. Based on this information, the Y intercept should be interpreted as: a. When a student's weekly income equals zero, the mean value of his/her weekly spending is estimated to be $20.90. b. When a student's weekly spending equals zero, the mean value of his/her weekly income is estimated to be $21.56. c. When a student's weekly income equals zero, the mean value of his/her weekly spending is estimated to be $21.56. d. When a student's weekly spending equals zero, the mean value of his/her weekly income is estimated to be $20.90.

With the Consumption function: C=200+ 0.75(Y-T) and each of G, I and T being 100 what is the value of the Government purchase Multiplier?