Suppose the marginal propensity to save is given by and national consumption is $6.6 billion when disposable
Question:
Suppose the marginal propensity to save is given by
and national consumption is $6.6 billion when disposable income is $0. Find the national consumption function.
Transcribed Image Text:
dS 0.25 0.22 - dy V0.5y + 1 0.5у
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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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