Question:
The consumption function is given by C = 100+ 0.8y and the investment is given by I = 50. For which of the following level of output the level of unplanned inventories would be negative?
The consumption function is given by C = 100+ 0.8y and the investment is given by I = 50. For which of the following level of output the level of unplanned inventories would be negative?
Updated On: Jun 19, 2024
- 790
- 750
- 800
- 740
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The Correct Option is D
Solution and Explanation
The correct option is(D): 740
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