Consider a hypothetical economy in which the marginal, Ask an Expert

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Q. Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine.

Q. consider a hypothetical economy in which the marginal propensity to consume is.5. Suppose further that last year disposible income was $300 billion and consumption was $250 billion. Plot this economy's consumption function.

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Business Economics, Economics

Category:- Business Economics
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