1. If consumption is $6.3 billion when disposable income is 0, and if the marginal propensity to consume is dC +1.2 V3y + 8 (in billions of dollars) dy

Intermediate Algebra
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Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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find the national consumption function.

1. If consumption is $6.3 billion when disposable income is 0, and if the marginal propensity to
consume is
dC
2
(in billions of dollars)
dy
+1.2
V3y + 8
Transcribed Image Text:1. If consumption is $6.3 billion when disposable income is 0, and if the marginal propensity to consume is dC 2 (in billions of dollars) dy +1.2 V3y + 8
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