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The behavioural function for consumption for consumption C= a + cY Indicates that consumption spending1) is a negative function of output and income2

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January 9th, 2018

The behavioural function for consumption for consumption C= a + cY Indicates that consumption spending1) is a negative function of output and income2) is a positive function of the interest rate3) is a positive function of the marginal propensity to save4) Increases by less than a given increase in income5) None of the above

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