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This question is based on the following equation which refers to a closed econom...
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This 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 savings function is given by S = -100 + 0,25Y.c) The slope of the savings function is 0,75.❌
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