Use the graph depicting a typical consumption function to answer the questions that follow. a. Autonomous consumption in this model is equal to: $ trillion. (Enter your answer as a whole number) b. If autonomous consumption should decrease then OA. the slope of the consumption function becomes flatter. B. the consumption function shifts downward. OC. the slope of the saving function becomes steeper. OD. the slope of the consumption function becomes steeper. ... Planned Real Consumption ($ trillions) 6 O 12- 16- 18- C 0 4 6 8 10 12 14 16 Real GDP per Year ($ trillions) ง 18 20

Use the graph depicting a typical consumption function to answer the questions that follow. a. Autonomous consumption in this model is equal to: $ trillion. (Enter your answer as a whole number) b. If autonomous consumption should decrease then OA. the slope of the consumption function becomes flatter. B. the consumption function shifts downward. OC. the slope of the saving function becomes steeper. OD. the slope of the consumption function becomes steeper. ... Planned Real Consumption ($ trillions) 6 O 12- 16- 18- C 0 4 6 8 10 12 14 16 Real GDP per Year ($ trillions) ง 18 20

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.1P

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Figure 2 C3 C2 C1 45° Y2 Y1 Aggregate income Aggregate saving
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