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The Consumption Function of the Income-Expenditure Model C = 10 + (0.8)Yd, C is consumption and Yd is disposable income (Y - T), I =
The Consumption Function of the Income-Expenditure Model
C = 10 + (0.8)Yd, C is consumption and Yd is disposable income (Y - T), I = 5
Fill in the following blanks:
1. What is the MPC?
2. Autonomous Consumption is
3. At Yd equal to 100, consumption spending is
4. At Yd equal to 100, saving is
5. Break-even disposable income is
6. The autonomous spending potential multiplier is
7. Equilibrium income is
8. Equilibrium income when I = 10 is
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