Problems and Exercises 1. Econoland analyzes its aggregate consumer spending and aggregate disposable income and finds the following data. All numbers in the table are dollar amounts. YD C $0 $100 100 180 200 260 300 340 500 500 Assume Econoland is a closed economy with no government spending, no taxes, and no transfers. Furthermore, assume the aggregate price level and interest rate are fixed in Econoland. a. What does autonomous consumer spending equal in this economy? b. What is the value of the MPC for Econoland? c. Use the following graph to grape the data given in the previous table. Label the consumption function you construct with a C. Consumption spending $700 600 500 400 300 200 100 $100 200 300 400 500 600 700 Disposable Income, YD d. What is the slope of the consumption function you graphed in part (c)