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Assume that autonomous consumption is 1,678 billion and disposable income is 10,400 billion. Using the consumption function, calculate consumption expenditure if an increase of $1,000
Assume that autonomous consumption is 1,678 billion and disposable income is 10,400 billion. Using the consumption function, calculate consumption expenditure if an increase of $1,000 in disposable income leads to an increase of $740 in consumption expenditure.
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