Asume that the consumption function is given by c 150
Assume that the consumption function is given by C = 150 + 0.85 (Y-T) and the tax function is given by T= t0 + t1 Y. If t0 increases by 1 unit then consumption?
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assume that the consumption function is given by c 150 085 y-t and the tax function is given by t t0 t1 y if t0
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