Suppose an economy is defined by the following: C = 108 + 0.6 (Yd). The 108...

Question

Question

Suppose an economy is defined by the following: C = 108 + 0.6 (Yd). The 108 in this algebraic equation represents the ________.

business economics

Answer 1

Answer #1

C = 108 + 0.6 x Yd

The 108 in this algebraic equation represents the autonomous consumption.

Answer 2

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