Part II. Application Questions (20 marks) 1a) Suppose that the consumption function is, C = 30...
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Part II. Application Questions (20 marks) 1a) Suppose that the consumption function is, C = 30 +0.2Y what does the slope and intercept of the line tell us about the relationship between consumption and national income? (5 marks) Part II. Application Questions (20 marks) 1a) Suppose that the consumption function is, C = 30 +0.2Y what does the slope and intercept of the line tell us about the relationship between consumption and national income? (5 marks)
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