Aggregate saving (in billions) 250 -100 -200 S 400 800 900 Aggregate income (in billions) Q:1 Refer to the Figure above and find the following: A. The equation for the aggregate consumption function is? B. At which income level saving equal zero? C. Assuming society's MPs is constant, at an aggregate income level of $450, aggregate Saving would be? D. Assuming society's MPs is constant, at an aggregate income of $760 aggregate consumption would be?

Aggregate saving (in billions) 250 -100 -200 S 400 800 900 Aggregate income (in billions) Q:1 Refer to the Figure above and find the following: A. The equation for the aggregate consumption function is? B. At which income level saving equal zero? C. Assuming society's MPs is constant, at an aggregate income level of $450, aggregate Saving would be? D. Assuming society's MPs is constant, at an aggregate income of $760 aggregate consumption would be?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.3P

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25 -100 -200 400 800 900 Aggregate income (in billions) Refer to Figure above Refer to the Figure above and find the following A. The equation for the aggregate consumption function is? B. Assuming society's MPs is constant, at an aggregate income level of $630, aggregate Saving would be? C. Assuming society's MPs is constant, at an aggregate income of $820 aggregate consumption would be? Aggregate saving (in billions)
1. Complete the accompanying table with disposable income (DI) and consumption (C) schedules for a private, closed economy. All figures are in billions of dollars. DI Consumption Saving АРС APS MPC MPS 8. 40 40 80 72 120 104 160 136 200 168 240 200 (a) Refer to the above data. If plotted on a graph, the slope of the consumption schedule would be: (b) The break-even level of income is ($ ) where saving equals ( $ :). Households dissave ( $ ). Dissaving occurs at the lowest levels of income as households spend ( more, less ) than they receive in disposable income. This dissaving could occur with households liquidating (selling for cash) their assets or borrowing money. As income rises we see that savings ( increases, decreases ) by a greater and greater amount. (c) If consumption increases by $10 billion at each level of disposable income, the average propensity to consume (APC) will ( change, unchange) and/but the marginal propensity to consume (MPC)will ( change, not change). (d) (APC,…
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u.edu.tr/mod/quiz/attempt.php?attempt=3214468&cmid%3D203021 Refer to the information provided in Figure 23.3 below to answer the question(s) that follow. amadı inden 270 miş 200 işaretle 130 60 450 100 200 300 Aggregate income (Y) Figure 23.3 Refer to Figure 23.3. The equation for the aggregate saving is Lütfen birini secin. O A S= -130 +0,4Y O B. S= 140 +05Y OC S= -80 +0.4Y ODS= -60 +03Y CES 200 +06Y Aggregate consumption (C)
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