Assuming that the following functions are linear, give an economic interpretation of the slope of the function:

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a) C(Y) is the total national consumption when national income is Y;

b) S(Y) is the total national savings when national income is Y.

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Posted Date: Feb 23, 2024 12:03 AM

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Assuming that the following functions are linear, give an economic interpretation of the slope of the function:

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a The slope of the function CY which represents the total national consumption when national income ... View the full answer

Macroeconomics

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