Question: Income Consumption 0 200 Problem 2. 100 250 Compute for the consumption and savings when the income is 300 and the MPC is 0.60. 200

Income Consumption 0 200 Problem 2. 100 250 Compute for the consumption and savings when the income is 300 and the MPC is 0.60. 200 300 1. What is equilibrium income and consumption? 2. What would be the new equilibrium income when there is an investment that is equal to 50

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