Look at Figure 13.1. Suppose that the consumption function drawn there intersected the y-axis at $8 trillion

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Look at Figure 13.1. Suppose that the consumption function drawn there intersected the y-axis at $8 trillion instead of $6 trillion. Without any other change than that:

a) What would the new level of autonomous consumption be?

b) Using the information in Figure 13.1, what would the new MPC be?

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Principles Of Macroeconomics The Way We Live

ISBN: 978-1429220200

1st Edition

Authors: Susan Feigenbaum ,R. W. Hafer

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Question Posted: Nov 07, 2024 08:00 AM

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Look at Figure 13.1. Suppose that the consumption function drawn there intersected the y-axis at $8 trillion

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Principles Of Macroeconomics The Way We Live

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