1. Using these two equations, what will be the level of consumption when national income is zero?...

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1. Using these two equations, what will be the level of consumption when national income is zero?

2. What will happen to the shape of the consumption function in diagram (b) in each of the following cases?

(a) When the value of the a term increases.

(b) When the value of the b term decreases.

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 09:16 AM

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1. Using these two equations, what will be the level of consumption when national income is zero?...

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1 Consumption will be equal to the constant a...View the full answer

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