Question: If the consumption function is C = $500 billion +0.97, Instructions: In parta, enter your response rounded to one decimal place. In parts b-d, enter

If the consumption function is C = $500 billion +0.97, Instructions: In parta, enter your response rounded to one decimal place. In parts b-d, enter your responses rounded to the nearest whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. What is the MPC? b. How large is autonomous consumption? $ billion How much do consumers spend with incomes of $5 trillion? billion d. How much do they save? billion

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