Question
ou are given the following data concerning Freedonia, a legendary country: Consumption function: C = 100 + 0.90Y Investment function: I = 300 Aggregate expenditure
ou are given the following data concerning Freedonia, a legendary country:
Consumption function: C =
100
+
0.90Y
Investment function: I = 300
Aggregate expenditure function: AE = C + I
Equilibrium: AE = YThe MPC in Freedonia is
40004000.
(Round
your response to two decimal
places.)
The MPS in Freedonia is
nothing.
(Round
your response to two decimal
places.)
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
