Refer to the information provided in Figure 23.3 below to answer ...

[clmills979]

Question 1

Refer to the information provided in Figure 23.3 below to answer the question(s) that follow.










Refer to Figure 23.3. Aggregate saving is $240 if aggregate income is

◦ $300.
◦ $500.
◦ $800.
◦ $1,000.

Question 2

Refer to the information provided in Figure 23.3 below to answer the question(s) that follow.










Refer to Figure 23.3. Which of the following statements is 
true?

◦ Aggregate saving is negative for all income levels below $400.
◦ For all aggregate income levels above $200, aggregate consumption is greater than aggregate income.
◦ If consumption is the only expenditure, this economy would be in equilibrium at an aggregate income level of $300.
◦ Saving is negative at all income levels below $200.

[amanda_14]

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[clmills979]

TY

[amanda_14]

You're welcome