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    Exam 8: Aggregate Expenditure and Equilibrium Output
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    Write Out the Equation for the Consumption Function in Algebraic
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Write Out the Equation for the Consumption Function in Algebraic

Question 9

Question 9

Essay

Write out the equation for the consumption function in algebraic form and identify each component.

Correct Answer:

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C = a + bY C = consumption a =...

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