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Answer to Question #134396 in Macroeconomics for Tlhogi
Question #134396
Consumption = 115 + 0.6Y
Investment = 550
Use the above information to answer the questions that follow:
Calculate the value of autonomous spending.
Investment = 550
Use the above information to answer the questions that follow:
Calculate the value of autonomous spending.
Expert's answer
Y=0
"C=115+0.6Y=115"
115 the value of autonomous spending.
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