Lecture 2 15

Lecture 2 15 - T Y C T Y C − = − ∂ ∂ is the...

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Consumption Let Consumption be a function of disposable income: C = C(Y – T) Where T is taxes, so Y-T is the disposable income
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Unformatted text preview: ) ( ' ) ( T Y C T Y C − = − ∂ ∂ is the Marginal Propensity to Consume...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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