Refer to the information provided in Figure 23.1 below to answer ...

[imowrer]

Question 1

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










Refer to Figure 23.1. The 
MPS for this household is ________ and the 
MPC is ________.

◦ 0.4; 0.6
◦ 0.5; 0.5
◦ 0.2; 0.8
◦ 0.3; 0.7

Question 2

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










Refer to Figure 23.1. The equation for this household's saving function is

◦ S = -200 + 0.8
Y.
◦ S = -300 + 0.25
Y.
◦ S = -500 + 0.5
Y.
◦ S = -1,000 + 0.8
Y.

[yahahah24021]

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[vicky]

Question 1

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










Refer to Figure 23.1. At income level $1,500, this household's saving is ________ than (to) zero and this household's consumption is ________ zero.

◦ less than; greater than
◦ equal to; equal to
◦ greater than; less than
◦ greater than; greater than

Question 2

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










Refer to Figure 23.1. This household's consumption function is

◦ C = 200 + 0.2
Y.
◦ C = 300 + 0.75
Y.
◦ C = 500 + 0.5
Y.
◦ C = 1,000 + 0.2
Y.

[rekilledagain]

Answer 1

greater than; greater than

Answer 2

C = 500 + 0.5
Y.

[vicky]

Thanks

[rekilledagain]

Welcome

[newyorker26]

Question 1

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










Refer to Figure 23.1. This household saves -$300 at an income level of

◦ $400.
◦ $300.
◦ $250.
◦ $125.

Question 2

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










Refer to Figure 23.1. This household consumes $2,000 at an income level of

◦ $3,000.
◦ $2,275.
◦ $2,000.
◦ $1,840.

[joshraies]

Answer 1

$400.

Answer 2

$3,000.

[jessicacav]

Question 1

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










Refer to Figure 23.1. An increase in the amount of consumption this household makes when this household's income is zero

◦ makes the consumption function steeper.
◦ makes the saving function flatter.
◦ shifts the consumption function downward.
◦ shifts the saving function downward.

Question 2

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










Refer to Figure 23.1. An increase in the 
MPC

◦ makes the consumption function flatter.
◦ makes the saving function flatter.
◦ shifts the consumption function upward.
◦ shifts the saving function downward.

[chjcharjto14]

Answer 1

shifts the saving function downward.

Answer 2

makes the saving function flatter.