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Suppose that the real consumption depends on income Y and the real balance of net wealth W/P as follows: W C =BXY+ P ' where

Suppose that the real consumption depends on income Y and the real balance of net wealth W/P as follows: W C =BXY+ P ' where B denotes the 1. marginal cost of consumption. 2. marginal propensity to consume. 3. marginal propensity to save

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