Question: 1.1 Suppose that C= a + bY, where C= consumption, a= consumption at zero income, b=slope and Y= income. 1.1.1 Are C and Y positively

1.1 Suppose that C= a + bY, where C= consumption, a= consumption at zero income, b=slope and Y= income.

1.1.1 Are C and Y positively or negatively related? (2)

1.1.2 Are the variables C and Y inversely or directly related? (2)

1.1.3 If graphed, would the curve for this equation slope upwards or slope downwards? (2)

1.1.4 What is the value of C if a=10, b=50 and Y=200? (3)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

6. Suppose that C = a + bY, where C = consumption, a = consumption at zero income, b = slope, and Y = income. LO1.8 a. Are C and Y positively related or are they negatively related? b. If graphed,...

Q:

Suppose that C = a + bY, where C = consumption, a = consumption at zero income, b = slope, and Y = income. a. Are C and Y positively related or are they negatively related? b. If graphed, would the...

Q:

6. Suppose that C = a + bY, where C = consumption, a = consumption at zero income, b = slope, and Y = income. [LOA1.1] a. Are C and Y positively related or negatively related? b. If graphed, would...

Q:

C. Are the variables C and Y inversely related or directly related?D. What is the value of C if a = 10 , b = 0.50, and y = 200E. What is the value of Y if C = 100, a = 10 , and b=0:25? 6; suppose...

Q:

1. Assume stocks A and B have had identical stock prices every day for the past three years. Stock A pays a dividend but Stock B does not. Which one of these statements applies to these stocks for...

Q:

Hi there, could you kindly assist with my Economics Homework Keynesian and Reserve Requirement Calculations Purpose: Calculate Macroeconomic fiscal policy outcomes using Keynesian math, calculate...

Q:

This study evaluates the impact of the 65-mph speed limit on traffic safety. Using data for the categories of roads: rural interstate highways, rural noninterstate roads, all years 1981 to 1995 for...

Q:

Need help with the attached questions from finance major Assignment 3 Questions 1. Anle Corporation has a current price of $27, is expected to pay a dividend of $2 in one year, and its expected price...

Q:

I also need help with form 540 2020 and with indvidual tax formula if possible hopefully these are much more clearer i apologize for the photos not being clear hopefully this time they are clearer ....

Q:

1) A project has a net present value of zero. Given this information: A) the project has a zero percent rate of return. B) the project requires no initial cash investment. C) the project has no cash...

Q:

Where do we draw the line in expecting employees to perform to company standards after we have certified their knowledge and understanding of workflows? At some point we have to cut our losses and...

Q:

Continue with the facts of Problem 44. Using the format of Figure, compute state taxable income for HippCo, assuming also that the taxpayer recognized $225,000 of net rent income during the year from...

Q:

100 words . What can you do to provide a climate that will remotivate her and decrease her job dissatisfaction? Consider both intrinsic and extrinsic motivational factors

Q:

Answer any three of the five questions in this assignment. Approximate length (exclusive of references and appendices) for each question should be roughly one page, which is approximately 350 400...

Q:

2. a) FIND the following integrals:| -2 i) S" (cos x +| cos x |)dx (ii) S 1-x dx V x5 (iii) 00 (iv) s4 (1-x): dx Vx4-1 x8

Q:

4. Find the Miller indices of a plane that makes an intercept of 1 on x-axis, 2 on y-axis and parallel to the c-axis. [3] 5. The lattice parameters of a crystal are in the ratio a:b:c =...

Q:

With competition increasing among institutions of higher learning, how should a university utilise the layers of advantage strategy?

Q:

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

Q:

8. Find values in the Norwegian culture that you believe have been stable over a long period. Do you feel that these values say something about your own values?

Q:

2. It is the results achieved that are important.

Q:

3. What is the difference between perception and assessment of a particular everyday situation? Give at least three examples.