Assume that the level of autonomous consumption rises. Show in a graph what happens to the consumption function.Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.

In the field of economics, the consumption function plays a crucial role as it depicts how…

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Assume that the level of autonomous consumption rises. Show in a graph what happens to the consumption function.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter8: The Keynesian Model

Section: Chapter Questions

Problem 17SQ

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Question

Assume that the level of autonomous consumption rises. Show in a graph what happens to the consumption function.

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

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Step 1: Define Consumption Function:

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