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Fill in the blanks: Suppose Y = $1,000 and the consumption function is C = $100 + 0.75Y. Value Autonomous consumption ($) Induced consumption ($)
Fill in the blanks: Suppose Y = $1,000 and the consumption function is C = $100 + 0.75Y. Value Autonomous consumption ($) Induced consumption ($) Consumption ($) Marginal propensity to consumeFill in the blanks Disposable Personal Income ($) Consumption ($) 500 1000 1350 2000 2200 1000 3050 Refer to the data in the above table The marginal propensity to commane equals if chopotable personal income increases to $4060, the level of consumption will be
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