Suppose that the marginal propensity to save is and that consumption is $6 billion when disposable income
Question:
Suppose that the marginal propensity to save is
and that consumption is $6 billion when disposable income is $0. Find the national consumption function.
Transcribed Image Text:
dS 1 0.2 dy V3y + 7
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02 1 3y7 1Cy or 12 Cy 0...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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