Author Question: Refer to the information provided in Table 23.1 below to answer the question(s) that follow. Refer ... (Read 49 times)

OSWALD · **on:** Apr 19, 2019

Question 1

If Zander's saving function is of the form [
S = -150 + 0.5
Y], his consumption equals his income at an income level of

◦ 150.
◦ 225.
◦ 300.
◦ 1,500.

Question 2

Refer to the information provided in Table 23.1 below to answer the question(s) that follow.

Refer to Table 23.1. The equation for the aggregate consumption function is

◦ C = 80 + 0.95
Y.
◦ C = 80 + 0.9
Y.
◦ C = 80 + 0.75
Y.
◦ C = -80 + 0.45
Y.

amanda_14 · **Reply #1 on:** Apr 19, 2019

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