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please use JMP The consumption function captures one of the key relationships in economics that was first developed by John Maynard Keynes.It expresses consumption as
please use JMP
The consumption function captures one of the key relationships in economics that was first developed by John Maynard Keynes.It expresses consumption as a function of disposable income, where disposable income is income after taxes.The table below shows the data for U.S. annual consumption and disposable income for the years 1985-2006.
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