Suppose that the marginal propensity to save is dS/dy=0.2-0.1e^-2y and the consumption is 7.8 trillion when disposable
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Suppose that the marginal propensity to save is dS/dy=0.2-0.1e^-2y and the consumption is 7.8 trillion when disposable income is $0. Find the national consumption function: C(y)=?
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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