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1. Explain the components of this consumption function: C = 100+ 0.85*Yd (a) Using the consumption function above, calculate C if Yd = 1400. (b)
1. Explain the components of this consumption function: C = 100+ 0.85*Yd (a) Using the consumption function above, calculate C if Yd = 1400. (b) Using the consumption function above, calculate Yd if C = 1600
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