Suppose that the marginal propensity to save is dS/dy = 0.15 and that consumption is $5.15 billion
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Suppose that the marginal propensity to save is dS/dy = 0.15 and that consumption is $5.15 billion when disposable income is $0. Find the national consumption function.
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dSdy 1 dCdy So 015 1 dC...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
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