Economics: A Contemporary Introduction (11th Edition)

Chapter 23

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A consumption function shows how income changes ... more

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The consumption function C is generally expressed ... more

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This is because unlike consumption, Investment ... more

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Factors that cause consumption function to shift:1... more

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MPC = 0.8 MPS = 1- MPCMPS =( 1 -0.8 ) = 0.2$17 ... more

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