=+19. Assume that autonomous consumption is $1,791 billion and disposable income is $13,000 billion. Using consumption function,
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=+19. Assume that autonomous consumption is $1,791 billion and disposable income is $13,000 billion. Using consumption function, calculate consumption expenditure if an increase of $1,000 in disposable income leads to an increase of $720 in consumption expenditure.
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9781292094182
11th Global Edition
Authors: Frederic S. Mishkin
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