Question: Suppose the consumption function is C = $200 + 0.8Y. a. What is the amount of autonomous consumption? b. What is the marginal propensity to

Suppose the consumption function is C = $200 + 0.8Y.

a. What is the amount of autonomous consumption?

b. What is the marginal propensity to consume?

c. What would consumption equal when real GDP equals $1,000?

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