Business
Business, 02.06.2021 06:50, aaliyah80

Using the graph as a reference, suppose an economy's aggregate consumption function is C = $100 billion + 0.6YD. Instructions: Enter your responses rounded to the nearest whole number.

a. At what level of income do households begin to save?
_ $ billion

b. By how much does consumption increase when disposable income rises $200 billion beyond the level of income from part (a)?
_ $ billion


Using the graph as a reference, suppose an economy's aggregate consumption function is C = $100 bil

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Answers: 1

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Using the graph as a reference, suppose an economy's aggregate consumption function is C = $100 bill...

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