Question: If the consumption function is C= $400 billion + 0.7Y, Instructions: In part a, round your response to one decimal place. entering any negative numbers

If the consumption function is C= $400 billion + 0.7Y, Instructions: In part a, round your response to one decimal place. entering any negative numbers be sure to include a negative sign a. what is the MPC? b. how large is autonomous consumption? 400 billion c. how much do consumers spend with incomes of $3 trillion? $ + billion d. how much do they save? SA billion

If the consumption function is C=$400 billion +0.7Y, Instructions: In part a, round your response to one decimal place. entering any negative numbers be sure to include a negative sign a. what is the MPC? b. how large is autonomous consumption? $ billion c. how much do consumers spend with incomes of $3 trillion? $ billion d. how much do they save? $ billion

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