Business, 18.11.2019 17:31 CoolxBreeze

Suppose you have the following information about a fictitious economy. assume there are no taxes in this economy. disposable income and consumption disposable income (dollars) consumption (dollars) $0 $10,000 10,000 17,500 20,000 25,000 30,000 32,500 40,000 40,000 50,000 47,500 instructions: in parts a and c, enter your answers as a whole number. in part b, round your answers to two decimal places. a. what is the equilibrium level of consumption? $ b. what is the mpc and mps for this economy? mpc: mps: c. what is the value of autonomous consumption for this economy?

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