Exhibit 23-4 -Plot the Consumption Function Based on the Data in Exhibit

question 57

Essay

Exhibit 23-4
-Plot the consumption function based on the data in Exhibit 23-4. What is the marginal propensity to consume? If the marginal propensity to consume changes to 0.85, show what happens to the consumption function.

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A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time.

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