Suppose that the marginal propensity to save is dS/dy = 0.15 and that consumption is $5.15 billion

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Suppose that the marginal propensity to save is dS/dy = 0.15 and that consumption is $5.15 billion when disposable income is $0. Find the national consumption function.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 16, 2020 01:49 AM

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Suppose that the marginal propensity to save is dS/dy = 0.15 and that consumption is $5.15 billion

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dSdy 1 dCdy So 015 1 dC...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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