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For this question give a numerical response in decimals Point on curve A B C D E Ya (billions) $ 0 500 1,000 1,500 2,000
For this question give a numerical response in decimals Point on curve A B C D E Ya (billions) $ 0 500 1,000 1,500 2,000 C (billions) $300 700 1,100 1,500 1,900 $2,000 Consumption function E 1,500 D AC = $400 Consumption per period (billions of dollars) 1,000 C-AY = $500 B 500 300 A 0 $500 1,000 1,500 2,000 Disposable personal income per period (billions of dollars) Given the consumption function above, what is the MPC ?For this question give a numerical response do not include the $ sign and give your answer in billions Point on curve A B C D E Y(billions) 5 0 500 1,000 1,500 2,000 C (billions) $300 700 1,100 1,500 1,900 $2,000 Consumption function E 1,500 AC =$400 Consumption per period (billions of dollars) 1,000 C-AY =$500 500 300 A 0 $500 1,000 1,500 2,000 Disposable personal income per period (billions of dollars) Looking at the diagram above, what is the autonomous level of consumption
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