Figure 345° line2016121.24Disposable income (trillions of 2005 dollars)8 12 1620 24Refer to Figure 3. The marginal propensityto consume equals *0.800.900.750.85Consumpfion expenditure(trillions of 20050 dollars}

This Graph shows a consumption line that reflects a plot of the numbers in the consumption schedule…

Figure 3 45° line 20 16 12 1.2 12 16 20 24 Disposable income (trillions of 2005 dollars) Refer to Figure 3. The marginal propensity to consume equals * 0.80 0.90 0.75 O 0.85 Consumpfion expenditure (rillions of 20050 dollars)

Figure 3 45° line 20 16 12 1.2 12 16 20 24 Disposable income (trillions of 2005 dollars) Refer to Figure 3. The marginal propensity to consume equals * 0.80 0.90 0.75 O 0.85 Consumpfion expenditure (rillions of 20050 dollars)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Figure 3
45° line
20
16
12
1.2
4
Disposable income (trillions of 2005 dollars)
8 12 16
20 24
Refer to Figure 3. The marginal propensity
to consume equals *
0.80
0.90
0.75
0.85
Consumpfion expenditure
(trillions of 20050 dollars}

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