Assume that autonomous consumption is $1,625 billion and disposable income is $11,500 billion. Calculate consumption expenditure if

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Assume that autonomous consumption is $1,625 billion and disposable income is $11,500 billion. Calculate consumption expenditure if an increase of $1,000 in disposable income leads to an increase of $750 in consumption expenditure.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Mar 13, 2018 08:46 AM

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Assume that autonomous consumption is $1,625 billion and disposable income is $11,500 billion. Calculate consumption expenditure if

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Foundations of Macroeconomics

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