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(Advanced Analysis) Suppose that the linear equation for consumption .pdf

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(Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is: C=60+0.8Y Also suppose that income (y) is $600. Determine the following values: Instructions: For your answers to parts a,b,d, and f below, enter two decimal places. For parts c and e, enter whole numbers. a. MPC= b. MPS = c. C (consumption )=$ d. APC= e. S (savings )=$ f. APS=.

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(Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is: C=60+0.8Y Also suppose that income (y) is $600. Determine the following values: Instructions: For your answers to parts a,b,d, and f below, enter two decimal places. For parts c and e, enter whole numbers. a. MPC= b. MPS = c. C (consumption )=$ d. APC= e. S (savings )=$ f. APS=

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