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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 19
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Assume that autonomous consumption is $1,625 billion and disposable income is $11,500 billion. Calculate consumption expenditure if an increase of $1,000 in disposable income leads to an increase of $750 in consumption expenditure.
Assume that autonomous consumption is $1,625 billion and disposable income is $11,500 billion. Calculate consumption expenditure if an increase of $1,000 in disposable income leads to an increase of $750 in consumption expenditure.
Explanation
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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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