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The following question is based on the following equation, which refers to a clo...
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The following question is based on the following equation, which refers to a closed economy with no government:
C = 100 + 0,75Y
Which of the following statements is/are correct?
a) When income is zero, private savings are 100.
b) The slope of the savings function is 0,75.
c) The savings function will be given by S = 100 + 0,25Y.❌
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