The equations for two consumption functions are shown below: C = 300+ 0.5Y C = 0.5Y We denote the equation: C = 300 +0.5Y as C, and the equation: C = 0.5Y as C₁. These equations are graphed on a grid with aggregate consumption (C) on the y-axis and aggregate income (Y) on the x-axis. Given this information, the equation for Co has a vertical intercept of and a slope of response as a whole number. Round your second response to one decimal place.) (Enter your first The equation for C, has a vertical intercept of and a slope of (Enter your first response as a whole number. Round your second response to one decimal place.) If the consumption function is C = 300+ 0.5Y, when income rises, APC If the consumption function is C = 0.5Y, when income rises, APC

The equations for two consumption functions are shown below: C = 300+ 0.5Y C = 0.5Y We denote the equation: C = 300 +0.5Y as C, and the equation: C = 0.5Y as C₁. These equations are graphed on a grid with aggregate consumption (C) on the y-axis and aggregate income (Y) on the x-axis. Given this information, the equation for Co has a vertical intercept of and a slope of response as a whole number. Round your second response to one decimal place.) (Enter your first The equation for C, has a vertical intercept of and a slope of (Enter your first response as a whole number. Round your second response to one decimal place.) If the consumption function is C = 300+ 0.5Y, when income rises, APC If the consumption function is C = 0.5Y, when income rises, APC

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 7E

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