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

Question 57

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Exhibit 23-4 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.
-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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