what is the correct answer2) What will come into the gaps? Assume in a simple economy that the level of saving is - $800 when aggregate output equals zero and that the marginal propensity to save is 0.25.Derive the saving function and the consumption function.O A. S= - 800 - 0.25Y and C = 800 + 0.75YO B. S= - 800 + 0.25Y and C = 800 + 0.75YO C. S= -800- 0.025Y and C = 800 – 0.075YO D. S= - 800 - 0.25Y and C=800 - 0.75YConsider the graph of these functions.The consumption function has a y-intercept ofand isThe saving function has a y-intercept ofand isThe consumption curve crosses the 45-degree line at a level of output of (Enter your response as an integer.)Click to select your answer(s).Casper

Saving function: S = a + bY When Y = 0, S = - 800 (vertical intercept = a), and MPS (b) = 0.25 S = -…

Derive the saving function and the consumption function. O A. S= - 800-0.25Y and C= 800 +0.75Y %3D O B. S= -800 + 0.25Y and C = 800 + 0.75Y %3D O C. S= - 800 - 0.025Y andC = 800 -0.075Y O D. S= - 800 - 0.25Y and C = 800 - 0.75Y Consider the graph of these functions. The consumption function has a y-intercept of and is The saving function has a y-intercept of and is The consumption curve crosses the 45-degree line at a level of output of (Enter your response as an integer.)

Derive the saving function and the consumption function. O A. S= - 800-0.25Y and C= 800 +0.75Y %3D O B. S= -800 + 0.25Y and C = 800 + 0.75Y %3D O C. S= - 800 - 0.025Y andC = 800 -0.075Y O D. S= - 800 - 0.25Y and C = 800 - 0.75Y Consider the graph of these functions. The consumption function has a y-intercept of and is The saving function has a y-intercept of and is The consumption curve crosses the 45-degree line at a level of output of (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Chegg Home Expert Q&A My solutions Student question Time Left: 00:09:10 Which of the statements is INCORRECT? People pursue different happiness such as YOLO or FIRE. Money is not related to happiness at all. On average, experiential purchases are more likely to make people happy compared to material purchases. We need to understand our own well-being first to better understand consumer well-being. Which of the statements is INCORRECT? O People pursue different happiness such as YOLO or FIRE. O Money is not related to happiness at all. O On average, experiential purchases are more likely to make people happy compared to material purchases. O We need to understand our own well-being first to better understand consumer well-being. く

Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time?
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