Suppose that the marginal propensity to consume is and that consumption is $9.5 billion when disposable income
Question:
Suppose that the marginal propensity to consume is
and that consumption is $9.5 billion when disposable income is $0. Find the national consumption function.
Transcribed Image Text:
dC 0.6 – e-0.5y dy
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dCdy 06 e 05y Cy ...View the full answer
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
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