Consider an economy in which households save 30 cents of each additional dollar of income earned and consume an additional 500 dollars worth of goods and services, regardless of their income. Write your answer in all caps and without any spaces (e.g. C=MZ+2B). What is the consumption function in this economy? What is the savings function in this economy? There is a wave of pessimism about future economic performance that leads households to reduce their autonomous spending to $300. What is the new consumption function in this economy