Question: Suppose that the marginal propensity to consume is E = 0.5 e'zy dy and that consumption is $5.4 billion when disposable income is $0. Find


Suppose that the marginal propensity to consume is E = 0.5 e'zy dy and that consumption is $5.4 billion when disposable income is $0. Find the national consumption function. (in billions of dollars)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
