Consider the following aggregate expenditure function: AE = $360 billion + (0.73)Y. Assuming that we have no government, no international trade, and
Consider the following aggregate expenditure function: AE = $360 billion + (0.73)Y. Assuming that we have no government, no international trade, and desiredinvestment is autonomous and is equal to $58 billion, then which of the following is the correct statement of the consumption function? 0 A. c = $360 billion + (O.27)Y(Q B. c = $302 billion + (0.73»!O c. c = $302 billion + (O.27)Yo D. c = $418 billion + (0.27)YO E. c = $418 billion + (0.73»!
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