On the accompanying graph, draw the consumption function C = $300 + 0.50Y D . (a) At
Question:
On the accompanying graph, draw the consumption function C = $300 + 0.50YD.
(a) At what level of income do households begin to save? Designate that point on the graph with the letter A.
(b) By how much does consumption increase when income rises $100 beyond point A? Designate this new level of consumption with point B.
(c) Illustrate the impact on consumption of the change in consumer confidence described in the News on page 185.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
a 600 billiondesignate that point on the graph with th...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
Question Posted:
Students also viewed these Business questions
-
On the accompanying graph, draw the consumption function C = $200 + 0.75YD. (a) At what level of income do households begin to save? Designate that point on the graph with the letter A. (b) By how...
-
Draw the consumption function and label each axis. Show the effect of an increase in income on consumption spending. Does the change in income cause a movement along the consumption function or a...
-
First and Second-Best Rawlsian Income Redistribution: Most governments raise tax revenues from higher income individuals and distribute them to lower income individuals in an attempt to achieve a...
-
A strip of metal is originally 1.5 m long. It is stretched in three steps: first to a length of 1.75 m, then to 2.0 m, and finally to 3.0 m. Show that the total true strain is the sum of the true...
-
Find all the (a) Minors (b) Cofactors of the matrix. 1. 2. 5 [3 -6 4, 10 [3 -4
-
A few years back, Dave and Jana bought a new home. They borrowed $230,415 at an annual fixed rate of 5.49% (15-year term) with monthly payments of $1,881.46. They just made their 50th payment, and...
-
The magnitude of the magnetic field in Figure P29.40 changes with time, and the magnitude of the accompanying electric field inside the magnetic field is given by \(E(r, t)=3 C r t^{2}\), where \(C\)...
-
Presented below is an incomplete income statement and an incomplete comparative balance sheet of Bondi Corporation. Additional information: 1. The receivables turnover for 2014 is 10 times. 2. All...
-
estion 45: Which key lets you select multiple worksheets in a workbook? swer: (Shift) 13 (Tab) O (Alt) O (Enter)
-
Each December the incoming members of the board of directors of the National Association of Accountants (NAA) met in joint session with the outgoing board as a means of smoothing the transition from...
-
According to the News on page 184, by how much did (a) Disposable income increase? (b) Consumption increase? (c) Savings increase? (d) What is the MPC? (e) What is the MPS? (f) What is the APC?
-
Illustrate on the following two graphs the impact of increased consumer confidence. What direction did (a) The consumption function shift? (b) AD shift? C = a + bY 45 DISPOSABLE INCOME (OUTPUT)...
-
In Exercises 1-2, find the best quadratic approximation to f on the interval [0, l]. 1. f(x) = x3 2. f(x) = x 3. f(x) = ex
-
solve the equation log _ 9 ( x - 3 ) + log _ 9 ( 3 x - 2 ) = log _ 9 1 8 . round answers to two decimal places
-
what economic terminology describes Preschools in cities such as New York and Chicago lament the lack of parks and green space where they can take their charges. But city officials argue that there...
-
A new minister responsible for retirement income strategy in the Finland to has commissioned a report from you. The report is to provide background information to assist the minister in improving...
-
ESSAY PRACTICE FOR EXAM PAYOFF MATRIX QUESTIONS B\A A A MANGOES PEACHES B MANGOES 5/14 10/10 B PEACHES 12/12 14/5 (a) Explain what As best response is if B Plants MANGOES AND what would be A's best...
-
The strength of the local and national economies is often measured by the unemployment rate. The total workforce includes the number of people who are employed and the number of people actively...
-
What are the additive colors? What are the subtractive colors? What types of I/O devices use each kind of color?
-
Perform the operation by first converting the numerator and denominator to scientific notation. Write the answer in scientific notation. 7,200,00/0.000009
-
Consider the following summary of Sec. 1231 gains and losses recognized by Janet during the period 20112016. Janet had no nonrecaptured Sec. 1231 losses at the beginning of 2011. If Janet has no...
-
The LaPoint Corporation placed in service $350,000 of used equipment (seven-year recovery property) on June 3, 2015 and elected to expense $250,000 as Sec. 179 depreciation expense. LaPoint sold the...
-
Mr. Briggs purchased an apartment complex on January 10, 2014, for $2 million with 10% of the price allocated to land. He sells the complex on October 22, 2016, for $2.5 million. Assume that 10% of...
-
Why are gains/losses added back to (or deducted from) the cash from operations section of a cash flow statement?
-
Combination A, B, C, and F is the fifth most valuable with an NPV of $169,000. how did you came up with it?
-
Using a suitable example explain how you would check that equipment is ready for shut down to commence?
Study smarter with the SolutionInn App