Use the table below to solve this problem. Suppose the wealth elfect .pdf

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Use the table below to solve this problem. Suppose the wealth elfect is such that $10 changes in wealth produce $2 changes in consumption ot each level of income. Assume real estate prices tumble such that wealth declines by $320. Instructions: Enter your answers as whole numbers: a. What will be the new level of consumption ot the $680 billion level of disposable income? b. What will be the new level of saving?.

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