Refer to the information provided in Figure 23.5 below to answer ...

[Metfan725]

Question 1

If the consumption function is below the 45-degree line

◦ consumption is less than income and saving is positive.
◦ consumption is less than income and saving is negative.
◦ consumption exceeds income and saving is positive.
◦ consumption exceeds income and saving is negative.

Question 2

Refer to the information provided in Figure 23.5 below to answer the question(s) that follow.








Refer to Figure 23.5. The 
MPS for this saving function is

◦ 5.
◦ 4.
◦ 0.5.
◦ 0.25.

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[Metfan725]

Thanks for the timely response, appreciate it

[chjcharjto14]

Gracias!