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I don't know how to find consumption function but I know the formula for it. I don't know what Y is and what to multiply
I don't know how to find consumption function but I know the formula for it. I don't know what Y is and what to multiply the consumption function by. The document on this website gives a consumption function formula but doesn't say what y is or how to find it I'm confused. My problem is what is each residents consumption function? Assume each consumption function is linear and let y denote a consumers disposable income.
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