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HW-530 Autonomous saving
A nation's consumption function (expressed in millions of inflation-adjusted dollars) is
C = $800 + 0.80Y.
There are no taxes in this nation.
Now answer the following questions:
1. What is the value of autonomous saving?
2. What is the value of the multiplier?
Answer will be sent by email as attachment.
C = $800 + 0.80Y.
There are no taxes in this nation.
Now answer the following questions:
1. What is the value of autonomous saving?
2. What is the value of the multiplier?
Answer will be sent by email as attachment.
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