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Answer to Question #2674 in Macroeconomics for Cindy
Question #2674
Assume that MPC = 3/4
A) if the break-even real disposable income is 10.0 trillion what will the level of consumption if income is 14.0 trillion
B) if real disposable income drops to 8.0 trillion what will be the level of consumption? What will be the level of savings?
A) if the break-even real disposable income is 10.0 trillion what will the level of consumption if income is 14.0 trillion
B) if real disposable income drops to 8.0 trillion what will be the level of consumption? What will be the level of savings?
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