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Business, 06.08.2021 09:10 liamgreene90

To represent the consumption function through algebra, it would be expressed as C = a + MPS*Y, where a is autonomous consumption (the amount of consumption expenditure when Y = 0), MPS is the marginal propensity to save, and Y is national income

MPC + MPS = 1, where MPC is the marginal propensity to consume and MPS is the marginal propensity to save

C = a + MPC*Y, where a is autonomous consumption (the amount of consumption expenditure when Y = 0), MPC is the marginal propensity to consume, and Y is national income

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