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Let S =y - (150 + 0.6y). Assume no government or foreign sectors. What is the consumption function?

emyleepatton

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Let S =y - (150 + 0.6y). Assume no government or foreign sectors. What is the consumption function?

Let S =y - (150 + 0.6y). Assume no government or foreign sectors. What is the consumption function?

▸ C = 150 + 0.4y

▸ C = 150 + 0.6y

▸ C = -150 - 0.6y

▸ C = -150 + 0.4y

Textbook

Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools

Edition: 7^th

Authors: O'Sullivan, Sheffrin, Perez

Read 68 times

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