The figure given below represents the saving function of an economy. Figure 9.1 Refer to Figure 9.1.At the real GDP level of $400 billion, which of the following statements is true?
A) There is dissaving.
B) Saving is equal to $10 billion.
C) Consumption is equal to disposable income.
D) The slope of the saving function is equal to zero.
E) The slope of the consumption function is equal to zero.
Correct Answer:
Verified
Q1: Which of the following variables is a
Q3: Suppose two successive levels of disposable personal
Q4: Autonomous consumption is defined as:
A)the domestic consumption
Q5: The consumption function illustrates that:
A)saving increases as
Q6: Identify the correct statement.
A)Autonomous consumption equals saving
Q7: The amount of autonomous consumption in an
Q8: Keynesian economics developed in response to:
A)the Great
Q9: The sum of consumption and saving is
Q10: The 45-degree line used in a consumption
Q11: In the country of Marzipana, total consumption
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