Suppose that the marginal propensity to save is and that consumption is $12 billion when disposable income

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Suppose that the marginal propensity to save is

dS 1 0.2 dy y + 1

and that consumption is $12 billion when disposable income is $0. Find the national consumption function.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 16, 2020 01:51 AM

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Suppose that the marginal propensity to save is and that consumption is $12 billion when disposable income

Question:

dS 1 0.2 dy y + 1

Step by Step Answer:

ds dy 02 ds dy dC dy Cy f dC dy ...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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