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Please and thank you 1. Assume there are four individuals in the macroeconomy. Using the data in the following table, compute the aggregate consumption function.
Please and thank you
1. Assume there are four individuals in the macroeconomy. Using the data in the following table, compute the aggregate consumption function. Current Consumer Consumer Disposable Spending, Spending, Income Manolis Fatima $ 0 $200 $300 300 1.200 1,500 2. Explain what the values of the slope and vertical intercept of the aggregate consumption function mean from an economic perspective. 3. Given the aggregate function you calculate, if there is an increase in autonomous consumer spending by 150$, what would be the change in aggregate output? (Assume the assumptions discussed in class are satisfied)Step by Step Solution
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