The autonomous savings level is -300, if the income increases to 500, the level of consumption will be 700. How much is the increase of consumption if the income is increasing by 1? Please, use a decimal point and 1 decimal. How much are the savings if the income is 1000? How much is the consumption if the income is 1200?
The autonomous savings level is -300, if the income increases to 500, the level of consumption will be 700. How much is the increase of consumption if the income is increasing by 1? Please, use a decimal point and 1 decimal. How much are the savings if the income is 1000? How much is the consumption if the income is 1200?
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 6E
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