Answer:
Because you know how much money you have at that time.
Explanation:
Answer:
The correct answer is C) Consumption function shifts up
Explanation:
The consumption function is C = a + b x Yd
where:
- C = Total consumption
- a = autonomous consumption
- b x Yd = induced consumption
Autonomous consumption is consumption that does not depend on income. Even if your income is zero, you still have to engage in this type of consumption to survive (for example, food).
When you graph a consumption function, the Y axis represents total consumption and the X axis represents income. Autonomous consumption is located somewhere along the Y axis, with the X being zero. If Autonomous consumption increases, the point in the Y axis will move up, but the point in the x axis will still be zero, hence, the function will shift up.
Answer:
<em>Naive Idealism
</em>
Explanation:
Naive idealism <em>is a mindset defined by very hopeful and ambitious, but not practical or well-considered ideas and beliefs. </em>
Typical for teenagers is this type of mentality. People who think this way assume that something is going to work exactly as they want without actually thinking through the plan.
Answer:
Farmers
Explanation:
I took the test; it was correct.
