Consumption Function: Formula, Assumptions, and Implications
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SOLVED: The aggregate consumption function is C = 100 (0.6Yd). If income is 1,000 and net taxes are300, consumption equals A) 800 B) 700. C) 580. D) 520.Refer to EquationC = 300 0.8Yd G = 400 T = 200
SOLVED: The aggregate consumption function is C = 100 (…
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