in desired agreegate expenditure. in the consumption section. is wealth induced or autonomous. for instance say there is 300+0.5Y+0.05W. where does wealth go?
1
Expert's answer
2019-02-11T10:13:04-0500
As wealth is not constant, so it is induced.
If the consumption function is 300 + 0.5Y + 0.05W, then wealth is directly related with GDP.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment