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?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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