Answer to Question #213382 in Macroeconomics for enhle

Question #213382
The equation C = 70 + 0,65Y, where C is consumption and Y is disposable income, tells us
1
Expert's answer
2021-07-05T18:04:11-0400

Solution:

The equation C = 70 + 0,65Y, where C is consumption and Y is disposable income, tells us

that households will consume R70 if their disposable income is zero and will consume 0.65 of any increase in disposable income they receive.



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