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don't use Al bot or chat GPT otherwise downvote show calculations Refer to the information provided in the table below. In this economy, there are
don't use Al bot or chat GPT otherwise downvote
show calculations
Refer to the information provided in the table below. In this economy, there are only lump- sum tax and there is no progressive tax rate (i.e. the marginal/progressive tax rate is 0, or t=0). Aggregate Income Aggregate Consumption $ billion) ($ billion) 0 100 100 175 200 250 300 325 400 400 12.) The equation for the aggregate consumption function is: A) C=100 +0.2Yd B) C=100 +0.25Yd C) C = 100 + 0.5Yd D) C=100 +0.75Yd 13.) Refer to the information provided in the table above. The economy's marginal propensity to consume must be: A) 0.2 B) 0.25 C) 0.5 D) 0.75Step by Step Solution
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