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1. (10 points) Level of output and income (GDP = DI) Consumption Saving MPC MPS $480 -58 520 0 560 8 600 16 640 24

1. (10 points) Level of output and income (GDP = DI) Consumption Saving MPC MPS $480 -58 520 0 560 8 600 16 640 24 680 32 720 40 760 48 800 56 a) Complete the accompanying table above b) Graph the aggregate consumption function

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