Question: please try to answer my question Part II. Application Questions (20 marks) 1a) Suppose that the consumption function is, C = 35 + 0.7Y what

please try to answer my question

Part II. Application Questions (20 marks) 1a) Suppose that the consumption function is, C = 35 + 0.7Y what does the slope and intercept of the line tell us about the relationship between consumption and national income? (5 marks) Av B I E E

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