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Below is a graphical representation of the consumption function: 1) Properly label the axes. 2) Apply the following (consumption) function: C=Co + bYd. 3) Decompose

Below is a graphical representation of the consumption function:

1) Properly label the axes.

2) Apply the following (consumption) function: C=Co + bYd.

3) Decompose the function from question 2.

4) With the above diagram how would you "show" a:

a. ?Yd:

b. ?b:

c. ?Co

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