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Author Question: Refer to the information provided in Figure 23.4 below to answer the question(s) that follow. Refer ... (Read 88 times)

kwoodring

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on: Apr 19, 2019

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
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Marked as best answer by kwoodring on Apr 19, 2019

jackie

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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altibaby

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Reply #2 on: Apr 19, 2019

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

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Reply #3 on: Apr 19, 2019

Answer 1

C
2 = 20 + 0.8
Y.

Answer 2

C
3 = 20 + 0.8
Y.


altibaby

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Reply #4 on: Apr 19, 2019
Thank you!


Mollythedog

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Reply #5 on: Apr 19, 2019
Always glad to help...


CharlieWard

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Reply #6 on: Apr 19, 2019

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

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Reply #7 on: Apr 19, 2019

Answer 1

C
2.

Answer 2

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


MirandaLo

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Reply #8 on: Apr 19, 2019

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

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Reply #9 on: Apr 19, 2019

Answer 1

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

Answer 2

C
3


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