Mathematics, 03.02.2020 06:02 21vdawson

If the consumption function is c= $400 billion + 0.8y

a) what is the mpc?
b) how large is autonomous c? 400 billion
c) how much do consumers spend with incomes of $4 trillion?
d) how much do they save?

Answers: 3

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If the consumption function is c= $400 billion + 0.8y

a) what is the mpc?
b) ho...

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