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.
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