Question

If the consumption function is C = $400 billion + 0.8Y, (a) What is the MPC?...

If the consumption function is C = $400 billion + 0.8Y,

(a) What is the MPC?

(b) How large is autonomous C?

$ billion

(c) How much do consumers spend with incomes of $4 trillion?

$ billion

(d) How much do they save? Instructions: Enter your response rounded to the nearest whole number.

$ billion

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