Question: A.Figure9shows the (linear) consumption function of the UAE economy using data from 2001 to 2018. The consumption function represents the heart of the Keynesian theory

A.Figure9shows the (linear) consumption function of the UAE economy using data from 2001 to 2018. The consumption function represents the heart of the Keynesian theory of macroeconomics.

The function can be represented as C = 229,665 + 0.2184 Y

Figure9: The consumption function of the UAE economy Y is current GDP (values are in 1000s AED)(https://fcsa.gov.ae/en-us)

i.Interpret AED 229,665

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