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The saving function of an economy is shown. Dissaving occurs OA. at an income level of $20 billion. OB. at income levels above $20 billion. OC. at income levels less than $20 billion. OD. when the MPC > MPS. When disposable income increases from $0 to $20 billion O A. saving grows at a faster pace than consumption. O B. savings equals zero. OC. consumption also increases by $20 billion. OD. saving increases by $0.10 for each additional dollar of disposable income. Real Saving ($, billions) 8- 6- 4- -6- 10 20 30 40 50 60 70 80 90 100 110 Real Disposable Income ($. billions)

The saving function of an economy is shown. Dissaving occurs OA. at an income level of $20 billion. OB. at income levels above $20 billion. OC. at income levels less than $20 billion. OD. when the MPC > MPS. When disposable income increases from $0 to $20 billion O A. saving grows at a faster pace than consumption. O B. savings equals zero. OC. consumption also increases by $20 billion. OD. saving increases by $0.10 for each additional dollar of disposable income. Real Saving ($, billions) 8- 6- 4- -6- 10 20 30 40 50 60 70 80 90 100 110 Real Disposable Income ($. billions)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The saving function of an economy is shown. Dissaving occurs O A. at an income level of $20 billion. B. at income levels above $20 billion. C. at income levels less than $20 billion. D. when the MPC > MPS. When disposable income increases from $0 to $20 billion O A. saving grows at a faster pace than consumption. B. savings equals zero. C. consumption also increases by $20 billion. O D. saving increases by $0.10 for each additional dollar of disposable income. Real Saving ($, billions) 8- 6- -24 -4- -6- . 10 20 30 40 50 60 70 80 S 90 100 110 Real Disposable Income ($, billions) G
Transcribed Image Text:The saving function of an economy is shown. Dissaving occurs O A. at an income level of $20 billion. B. at income levels above $20 billion. C. at income levels less than $20 billion. D. when the MPC > MPS. When disposable income increases from $0 to $20 billion O A. saving grows at a faster pace than consumption. B. savings equals zero. C. consumption also increases by $20 billion. O D. saving increases by $0.10 for each additional dollar of disposable income. Real Saving ($, billions) 8- 6- -24 -4- -6- . 10 20 30 40 50 60 70 80 S 90 100 110 Real Disposable Income ($, billions) G
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