If the consumption function is C $400 billion 0 8Y, (a) What is the MPC (b) How large is autonomous C (c) How much do consumers spend with incomes of $4 trillion (d) How much do they save ...

a 08 b 400 billion c 36 trillion or 3600 billion d 40 ...

If the consumption function is C = $400 billion + 0.8Y, (a) What is the MPC? (b)

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If the consumption function is C = $400 billion + 0.8Y,

(a) What is the MPC?

(b) How large is autonomous C?

(d) How much do they save?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 03, 2018 09:21 AM

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If the consumption function is C = $400 billion + 0.8Y, (a) What is the MPC? (b)

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