Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 9, Problem 15E
To determine
(a)
To write:
Consumption function
C= 200+0.8Y
The amount of autonomous consumption.
To determine
(b)
To write:
Consumption function
C= 200+0.8Y
The value of marginal propensity to consume.
To determine
(c)
To write:
Consumption function
C= 200+0.8Y
The value of consumption when
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