Question: Please help with A, B and C The consumption function is expressed as C=c0 + c1Y. A. Define c0 and c1 and give one practical

Please help with A, B and C

The consumption function is expressed as C=c0 + c1Y. A. Define c0 and c1 and give one practical example of each. (Maximum 150 words) (4 marks) B. Derive the savings function (c1 = 0.5) (2 marks) C. Calculate the effect ofa 2 billion increase in private investment on aggregate demand. (2 marks)

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