Refer to the information provided in Figure 23.4 below to answer ...

[kwoodring]

Question 1

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.








Refer to Figure 23.4. The aggregate consumption functions 
C
₁ and 
C
₂

◦ have the same 
MPC values.
◦ imply different 
MPS values.
◦ have the same autonomous consumption values.
◦ have the same break-even values.

Question 2

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.








Refer to Figure 23.4. Which consumption function has the largest 
MPC?

◦ C
₁
◦ C
₂
◦ C
₃
◦ cannot be determined from the figure

[jackie]

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[altibaby]

Question 1

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.








Refer to Figure 23.4. Suppose the consumption function for 
C
₁ = 10 + 0.8
Y, the consumption function that best fits 
C
₂ is

◦ C
₂ = 20 + 0.8
Y.
◦ C
₂ = 10 + 0.4
Y.
◦ C
₂ = 40 + 0.5
Y.
◦ C
₂ = 20 + 0.1
Y.

Question 2

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.








Refer to Figure 23.4. Suppose the consumption function for 
C
₁ = 20 + 0.5
Y, the consumption function that best fits 
C
₃ is

◦ C
₃ = 20 + 0.8
Y.
◦ C
₃ = 20 + 0.4
Y.
◦ C
₃ = 40 + 0.5
Y.
◦ C
₃ = 40 + 0.4
Y.

[Mollythedog]

Answer 1

C
₂ = 20 + 0.8
Y.

Answer 2

C
₃ = 20 + 0.8
Y.

[altibaby]

Thank you!

[Mollythedog]

Always glad to help...

[CharlieWard]

Question 1

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.








Refer to Figure 23.4. If income is 
Y
₁, aggregate consumption is the greatest when the aggregate consumption function is

◦ C
₃.
◦ C
₂.
◦ C
₁.
◦ cannot be determined from the figure.

Question 2

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.








Refer to Figure 23.4. If income is 
Y
₂

◦ the society's saving is negative along 
C
₁, 
C
₂, and 
C
₃.
◦ the society's consumption is equal along 
C
₂ and 
C
₃.
◦ the society's saving is positive along 
C
₂ and 
C
₃.
◦ the society's savings is negative along 
C
_1.

[nyrave]

Answer 1

C
₂.

Answer 2

the society's consumption is equal along 
C
₂ and 
C
₃.

[MirandaLo]

Question 1

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.








Refer to Figure 23.4. The aggregate consumption functions 
C
₂ and 
C
₃

◦ have the same 
MPC.
◦ imply the same 
MPS.
◦ differ in terms of the amount of consumption when income is zero.
◦ All of these.

Question 2

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.








Refer to Figure 23.4. Which consumption function implies the smallest 
MPS?

◦ C
₁
◦ C
₂
◦ C
₃
◦ cannot be determined from the figure

[dudman123]

Answer 1

differ in terms of the amount of consumption when income is zero.

Answer 2

C
₃