The national consumption function If consumption is $8 trillion when disposable income is $0 trillion and if the marginal propensity to consume is d C d y = 0.30 + 0.2 y .

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Chapter 12.4, Problem 17E

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To calculate: The national consumption function If consumption is $8 trillion when disposable income is $0 trillion and if the marginal propensity to consume is dCdy=0.30+0.2y.

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