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the behavioural function for consumption C=a+cY indicates that consumption spending

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January 10th, 2018

the behavioural function 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 increase5. none of the aboveplease explain the correct answer

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