Assume taxes are zero and an economy has a consumption function of C = 0.89 (Yd) + $299.19.  How much consumption takes place if disposable income is equal to 4,848.76?  Round your answer to two digits after the decimal.

MACROECONOMICS FOR TODAY
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ISBN:9781337613057
Author:Tucker
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Chapter8: The Keynesian Model
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Assume taxes are zero and an economy has a consumption function of C = 0.89 (Yd) + $299.19.  How much consumption takes place if disposable income is equal to 4,848.76?  Round your answer to two digits after the decimal.

 

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