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QUESTION
The behavioural function for consumption for consumption C= a + cY Indicates that consumption spending 1) is a negative function of output and income...
The behavioural function for consumption for consumption C= a + cY Indicates that consumption spending
1) is a negative function of output and income
2) is a positive function of the interest rate
3) is a positive function of the marginal propensity to save
4) Increases by less than a given increase in income
5) None of the above
