If consumption behavior in an economy is described by the equation C = $10+ 0.80(Y -...

   

Transcribed Image Text:

If consumption behavior in an economy is described by the equation C = $10+ 0.80(Y - T):** 1. the MPC is 2. the MPS is autonomous consumption is $ 3. 4. At disposable income equal to $100, consumption spending is $ 5. At disposable income equal to $100, saving is $ **If a 2-sector economy is described by the equations C = $10 + (0.80) (YT) and I = $5:** 6. break-even disposable income is $ 7. the autonomous spending multiplier 8. equilibrium income is $ 9. If investment spending increases by income increases by $ is $5 to $10, equilibrium Submit If consumption behavior in an economy is described by the equation C = $10+ 0.80(Y - T):** 1. the MPC is 2. the MPS is autonomous consumption is $ 3. 4. At disposable income equal to $100, consumption spending is $ 5. At disposable income equal to $100, saving is $ **If a 2-sector economy is described by the equations C = $10 + (0.80) (YT) and I = $5:** 6. break-even disposable income is $ 7. the autonomous spending multiplier 8. equilibrium income is $ 9. If investment spending increases by income increases by $ is $5 to $10, equilibrium Submit

Answer rating: 100% (QA)

Answers to your consumption and equilibrium income questions 1 Marginal Propensity to Consume MPC 080 The coefficient of disposable income YT in the c... View the full answer