On a graph with national consumption on the vertical axis and real disposable income on the...
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On a graph with national consumption on the vertical axis and real disposable income on the horizontal axis, the slope of the line is almost always
greater than one
less than one
infinitely elastic
equal to one
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On a graph with national consumption on the vertical axis and
real disposable income on the...
D Question 5 1 pts Use the following data to answer the next question. The disposable income (DI) and consumption...
D Question 5 1 pts Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy. All figures are in billions of dollars. Disposable Income Consumption $300 350 $310 340 340 400 370 450 400 500 430 If disposable income is $550, we would expect consumption to be $430. $450. $460. $470 1 pts Question 9 The investment demand curve is drawn with the amount of investment on...
In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption...
In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption function is C = 200 +0.75Y. Investment is equal to 200. In this economy, equilibrium GDP is $ 1,600. (Round your answer to the nearest dollar) 1.) Using the point drawing tool, on the graph to the right, indicate the real GDP point that you found above. Label the point 'E. 2) Using the line drawing tool, carefully graph the consumption plus investment line....
In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption...
In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption function is C = 400 +0.75Y 2800- In this economy, the level of income at which the consumer breaks even (consumption equals income) is 24004 20004 1.) Using the point drawing tool, identify the breakeven income/consumption point that you found above 2) Using the line drawing tool, carefully graph the consumption function Properly label your line. Carefully follow the instructions above, and only draw...
32. If a graph is drawn with net exports on the horizontal axis and the real exchange rate on the vertical axis, the...
32. If a graph is drawn with net exports on the horizontal axis and the real exchange rate on the vertical axis, then the real exchange rate is determined by the intersection of the _net-exports schedule and the line representing saving minus investment, A) downward-sloping; vertical B) upward-sloping; vertical C) downward-sloping; upward-sloping D) upward-sloping; downward-sloping
Consider the following numerical example of the simple Keynesian model: C = 420 +.6YD IP =...
Consider the following numerical example of the simple Keynesian model: C = 420 +.6YD IP = 90 G= 100 T= 100 NX = 50 where YD = disposable income (Income minus net taxes) T = net taxes i.e., taxes minus transfers) Assume that all of the above variables are measured in billions of dollars per year, and refer to real variables (i.e. adjusted for any inflation that might be happening). For example, the equation for consumption tells us that real...
When Monica spends more than her disposable income, Monica is O A. unemployed. O B. dissaving....
When Monica spends more than her disposable income, Monica is O A. unemployed. O B. dissaving. O C. investing. D. saving. Question Help According to the figure at right, planned consumption and income are equal at an income level of 45 Y1 Y2YoYs Real Disposable Income (S per year) -Ques According to the figure at right, the average propensity to save (APS) is zero at point O A. F O B. D OC. J OD. I 45 Y1 Y2 Y....
Consider a graph on which one good Y is on the vertical axis and the only...
Consider a graph on which one good Y is on the vertical axis and the only other good X is on the horizontal axis. On this graph the income-consumption curve has a negative slope for low incomes, then it takes a zero slope for a higher income, and then it takes a positive slope for even higher incomes (the curve looks like a U-shape, first falling and then rising as income increases). This curve illustrates that: A) At low income...
National saving refers to: disposable income minus consumption. income minus consumption minus government purchases. income minus investment. taxes minus government...
National saving refers to: disposable income minus consumption. income minus consumption minus government purchases. income minus investment. taxes minus government spending.
Question 8 (1 point) If we represents a two-period consumer's lifetime wealth and r denotes the...
Question 8 (1 point) If we represents a two-period consumer's lifetime wealth and r denotes the real rate of interest, the vertical (future consumption) intercept of the consumer's budget line is equal to Owe. (1+r)/we O-(1 + r)c + we(1+r). we(1 + r). Owe/(1+r) Question 9 (1 point) A consumer is a borrower if the consumer's indifference curves are relatively steep. O optimum current consumption is less than current disposable income. O optimum current consumption is greater than current disposable...
7 and 8 QUESTION 7 Planned Consumption 40 10 20 Real Disposable Income/Yoar Refer to the...
7 and 8
QUESTION 7 Planned Consumption 40 10 20 Real Disposable Income/Yoar Refer to the above figure. Autonomous consumption equals $5000. 0. -$5000 $25,000 QUESTION 8 According to Keynes consumption is directly related to income but saving has no relationship with income. consumption is directly related to income but saving is inversely related to income. both consumption and saving are positively related to real disposable income. e consumption is positively related to the interest rate.
D Question 5 1 pts Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy. All figures are in billions of dollars. Disposable Income Consumption $300 350 $310 340 340 400 370 450 400 500 430 If disposable income is $550, we would expect consumption to be $430. $450. $460. $470 1 pts Question 9 The investment demand curve is drawn with the amount of investment on...
In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption function is C = 200 +0.75Y. Investment is equal to 200. In this economy, equilibrium GDP is $ 1,600. (Round your answer to the nearest dollar) 1.) Using the point drawing tool, on the graph to the right, indicate the real GDP point that you found above. Label the point 'E. 2) Using the line drawing tool, carefully graph the consumption plus investment line....
In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption function is C = 400 +0.75Y 2800- In this economy, the level of income at which the consumer breaks even (consumption equals income) is 24004 20004 1.) Using the point drawing tool, identify the breakeven income/consumption point that you found above 2) Using the line drawing tool, carefully graph the consumption function Properly label your line. Carefully follow the instructions above, and only draw...
32. If a graph is drawn with net exports on the horizontal axis and the real exchange rate on the vertical axis, then the real exchange rate is determined by the intersection of the _net-exports schedule and the line representing saving minus investment, A) downward-sloping; vertical B) upward-sloping; vertical C) downward-sloping; upward-sloping D) upward-sloping; downward-sloping
Consider the following numerical example of the simple Keynesian model: C = 420 +.6YD IP = 90 G= 100 T= 100 NX = 50 where YD = disposable income (Income minus net taxes) T = net taxes i.e., taxes minus transfers) Assume that all of the above variables are measured in billions of dollars per year, and refer to real variables (i.e. adjusted for any inflation that might be happening). For example, the equation for consumption tells us that real...
When Monica spends more than her disposable income, Monica is O A. unemployed. O B. dissaving. O C. investing. D. saving. Question Help According to the figure at right, planned consumption and income are equal at an income level of 45 Y1 Y2YoYs Real Disposable Income (S per year) -Ques According to the figure at right, the average propensity to save (APS) is zero at point O A. F O B. D OC. J OD. I 45 Y1 Y2 Y....
Question 8 (1 point) If we represents a two-period consumer's lifetime wealth and r denotes the real rate of interest, the vertical (future consumption) intercept of the consumer's budget line is equal to Owe. (1+r)/we O-(1 + r)c + we(1+r). we(1 + r). Owe/(1+r) Question 9 (1 point) A consumer is a borrower if the consumer's indifference curves are relatively steep. O optimum current consumption is less than current disposable income. O optimum current consumption is greater than current disposable...
7 and 8
QUESTION 7 Planned Consumption 40 10 20 Real Disposable Income/Yoar Refer to the above figure. Autonomous consumption equals $5000. 0. -$5000 $25,000 QUESTION 8 According to Keynes consumption is directly related to income but saving has no relationship with income. consumption is directly related to income but saving is inversely related to income. both consumption and saving are positively related to real disposable income. e consumption is positively related to the interest rate.
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