Incorrect 50 0 0 Incorrect 50 100 150 200 250 300 350 400 450 500 Real disposable income (DI) -50 -100 -150 Incorrect 0 50 100 150 200 250 300 350 400 450 500 Real disposable income (DI) Choose the answer that best explains the relationship between the consumption function and the savings function. Shifts in the consumption function will be reflected by a change in the marginal propensity to consume, or MPC. When the consumption function shifts, the savings function shifts in the opposite direction. There is a direct relationship between shifts in the consumption and savings functions. There is not a predictable relationship between the consumption function and the savings function.

Incorrect 50 0 0 Incorrect 50 100 150 200 250 300 350 400 450 500 Real disposable income (DI) -50 -100 -150 Incorrect 0 50 100 150 200 250 300 350 400 450 500 Real disposable income (DI) Choose the answer that best explains the relationship between the consumption function and the savings function. Shifts in the consumption function will be reflected by a change in the marginal propensity to consume, or MPC. When the consumption function shifts, the savings function shifts in the opposite direction. There is a direct relationship between shifts in the consumption and savings functions. There is not a predictable relationship between the consumption function and the savings function.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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