Turn on thread page Beta
    • Thread Starter

    I want a detailed solution to this simple economics question. Q. In a two sector economy the consumption function is given by C= 20+3/4y and autonomous investment is 50 a) What are Mps, Mpc? B) what is the value of the multiplier? C) what is the equilibrium level of income?
Do you think parents should charge rent?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.