Exploring Macroeconomics
Exploring Macroeconomics
8th Edition
ISBN: 9781544337722
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Chapter 15, Problem 4P
To determine

To explain:

The change in autonomous consumption if there is a fall in the household debt and rise in the interest rate over the same time period.

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Students have asked these similar questions
How can autonomous consumption be greater than zero when disposable income equals zero?
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What is the consumption function? What is the marginal propensity to consume? What does an upward-sloping consumption function mean?
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