Business
Business, 16.07.2020 20:01, alyahmarie00

In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function is Upper C equals 1000 plus 0.9 Upper YC = 1000 + 0.9Y. Thus, autonomous consumption is nothing and the marginal propensity to consume is .
A consumer whose income increases by $100 will increase consumption by $ .

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In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption functi...

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