consumption function is C = $600 billion + 0.9Y, Instructions: In part a, enter your response rounded to one decimal place. In parts b-d, enter your responses rounded to the nearest whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. What is the MPC? 600 b. How large is autonomous consumption? $ billion c. How much do consumers spend with incomes of $4 trillion? $ billion d. How much do they save? $ billion
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Home » Business » consumption function is C = $600 billion + 0.9Y, Instructions: In part a, enter your response rounded to one decimal place. In parts b-d, enter your responses rounded to the nearest whole number.