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Consider a simple model, such as the one developed in this chapter. The table to the right shows the levels of desired consumption, desired investment,
Consider a simple model, such as the one developed in this chapter. The table to the right shows the levels of desired consumption, desired investment, and desired aggregate expenditures for various levels of actual national income.Part 2Using the information from the table, the consumption function for this economy can be written asC=__+__Y(Round your response for the intercept term to the nearest whole number and for the slope term to two decimal places.)
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