Calculate the marginal propensity to save for economy


An economy is characterised by the following relationships: C=500+0.6Y. I=300. Plot an aggregate expenditure and aggregate supply curves for incomes ranging from 500 to 3000 (b) calculate the equilibrium level of income. (c) what is the level of consumption at the equilibrium level of income? (d) calculate the marginal propensity to save for this economy.

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Microeconomics: Calculate the marginal propensity to save for economy
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