Author Question: Refer to the information provided in Figure 24.1 below to answer the question(s) that follow. Refer ... (Read 35 times)

rl · **on:** Apr 19, 2019

Question 1

Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.

Refer to Figure 24.1. Injections = leakages

◦ when income = zero.
◦ when consumption = saving.
◦ at equilibrium.
◦ when output = investment.

Question 2

Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.

Refer to Figure 24.1. At equilibrium, $1,000 billion represents

◦ the part of consumption that is dependent on income.
◦ the part of consumption that is not dependent on income.
◦ equilibrium income.
◦ Both the part of consumption that is dependent on income and the part of consumption that is not dependent on income are correct.

macmac · **Reply #1 on:** Apr 19, 2019

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