Exam (elaborations)
ECON 104 HOMEWORK 1 QUESTION AND ANSWERS | GRADED A
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Suppose the consumption function is: C = a1 Yd a2 WRE/S a3CC Where all the a’s (the sensitivity parameters) are greater than zero. Initial conditions: Let a1 = 0.60, a2 = 0.04, a3 = 0.5, WRE/S = 18,000: CC = 90 Solve for C in terms of Yd. Select the correct equation below. Use the equation you fo...
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