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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 27
If C is $4 trillion, disposable income is $5 trillion, and autonomous consumption is $3 trillion:
a) How much is saving?
b) How much is induced consumption?
c) How much is the APS?
d) If the APS falls by 0.01, how much (in dollars) does saving fall?
a) How much is saving?
b) How much is induced consumption?
c) How much is the APS?
d) If the APS falls by 0.01, how much (in dollars) does saving fall?
Explanation
Verified
Verified
Consumption spending is the total amount...
Macroeconomics 11th Edition by Stephen Slavin
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