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If the consumption function: C = $350 + 0.9Yd
a) At what level of income does savings equal zero?
b) If this economy’s disposable income were $4,000, what would be its consumption and savings?
If the consumption function: C = $350 + 0.9Yd
a) At what level of income does savings equal zero?
b) If this economy’s disposable income were $4,000, what would be its consumption and savings?