Business
Business, 23.03.2020 21:38, maddy121209

From 2009 to 2014, Eastlandia experienced large fluctuations in both aggregate consumer spending and disposable income, but wealth, the interest rate, and expected future disposable income did not change. The accompanying table shows the level of aggregate consumer spending and disposable income in millions of dollars for each of these years. Use this information to answer the following questions. Year Disposable income millions of dollars Consumer spending millions of dollars2009 $100 $1802010 350 3802011 300 3402012 400 4202013 375 4002014 500 500b. What is the marginal propensity to consume? What is the marginal propensity to save?c. What is the aggregate consumption function?

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