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(Advanced analysis) Assume the following consumption schedule: C = 20 + 0.9 Y , where C is consumption and Y is disposable income. At a(n)

(Advanced analysis) Assume the following consumption schedule:C= 20 + 0.9Y, whereCis consumption andYis disposable income. At a(n) $700 level of disposable income, the level of saving is

Multiple Choice

  • $50.
  • $650.
  • $180.
  • $18.

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