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Depreciation is independent of income: 89 The marginal propensity to consume is 0.56 . The volume of investment spending independent of income: 83 1- Write
Depreciation is independent of income: 89 The marginal propensity to consume is 0.56 . The volume of investment spending independent of income: 83
1- Write the function for consumption
2- Write the savings function
3- Calculate the income at which savings will equal zero
4- Calculate the equilibrium income
5- Calculate the equilibrium consumption
6- What is the value of saving in equilibrium?
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