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In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function is Upper C equals 1000 plus 0

Economics

In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function is Upper C equals 1000 plus 0.9 Upper C = 1000 + 0.9Y.

Thus, autonomous consumption is -------- and the marginal propensity to consume is ---------. A consumer whose income increases by $100 will increase consumption by $ -----------.

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