12. Given this diagram of Consumption and Savings functions, What will be the level of savings at an income level of 60? 6. Given this diagram of Consumption and Savings functions, What will be the level of savings at an income level of 20? 07. Given this diagram of Consumption and Savings functions, What is the level of total desired consumption at income level of 80?
12. Given this diagram of Consumption and Savings functions, What will be the level of savings at an income level of 60?
6. Given this diagram of Consumption and Savings functions, What will be the level of savings at an income level of 20?
07. Given this diagram of Consumption and Savings functions, What is the level of total desired consumption at income level of 80?
8. Given this diagram of Consumption and Savings functions, What is the level of "induced consumption" at income level of 40
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As proved after World War II, Keynesianism has made progress in its capacity to overcome economic downturns through government involvement. Nonetheless, it has encountered difficulties, such as when large deficits caused inflation or when political opposition and fiscal restrictions prevented the implementation of countercyclical measures.
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