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Given the consumption function below C = + Y, if is 0.4, how can it be interpreted? Select one: a. Out of any additional income,
Given the consumption function below C = + Y, if is 0.4, how can it be interpreted?
Select one:
a. Out of any additional income, consumption increases by 40%
b. Out of any additional income, Consumption increases by 0.4%
c. Out of any additional income, Consumption increases by 60%
d. Out of any additional income, Consumption increases by 4%
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