Business Answer all the parts of the questions separately giving your reasons for your answer. A) What is the intuition for the form of the
Business Answer all the parts of the questions separately giving your reasons for your answer. A) What is the intuition for the form of the consumption function? B) c0 is often called autonomous consumption. What does represent? C) What does is c1 called? What does it represent? Does it face any particular restrictions? D) Suppose there was a shift in tastes of consumption. How could that be represented in the equation above?
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