Question: how do I solve to get the national consumption function from knowing the MPC If consumption is $ 9 trillion when disposable income is $0
how do I solve to get the national consumption function from knowing the MPC
If consumption is $9trillion when disposable income is $0 and if the marginal propensity to consume is
dC
dy = 1/(y+1)^1/2+0.7 (in trillions of dollars)
find the national consumption function
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