Question
Keynes short run function of consumption is described by equation: C = 240 + 0,7YD. Calculate what are the savings, if disposable income is 3000.
Keynes short run function of consumption is described by equation: C = 240 + 0,7YD. Calculate what are the savings, if disposable income is 3000. What would be difference between Keynes approach and Fisher's model results?
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
