Question: Given the consumption function C=a + bY the coefficient b can be described as: Given the consumption function C=a + bY the coefficient b can
Given the consumption function C=a + bY the coefficient b can be described as: Given the consumption function C=a + bY the coefficient b can be described as: marginal propensity to consume. autonomous consumption. marginal propensity to save. marginal income
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
