Assume there are no taxes. The equation for the consumption function is given to be: C = 100 + 0.60Y, where Y represents aggregate income. Determine the equation for the saving function: S = E+ Y. (Enter your response for the y-intercept as an integer and round your response for the slope to two decimal places.)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Question
What will come into the void?
This Question: 2 pts
4 of 20 (0 complete) ▼
Assume there are no taxes. The equation for the consumption function is given to be:
C = 100 + 0.6OY,
where Y represents aggregate income.
Determine the equation for the saving function:
S=+ Y. (Enter your response for the y-intercept as an integer and round your response for the slope to two decimal places.)
Enter your answer in each of the answer boxes.
Casper
Transcribed Image Text:This Question: 2 pts 4 of 20 (0 complete) ▼ Assume there are no taxes. The equation for the consumption function is given to be: C = 100 + 0.6OY, where Y represents aggregate income. Determine the equation for the saving function: S=+ Y. (Enter your response for the y-intercept as an integer and round your response for the slope to two decimal places.) Enter your answer in each of the answer boxes. Casper
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