120 100 80 60 40 20 45° 20 40 60 80 100 120 Income (Billions) Refer to the above figure. If the relevant saving schedule were constructed: 1) its slope would be 1/2. 2) it would slope downward and to...

120<br>100<br>80<br>60<br>40<br>20<br>45°<br>20<br>40<br>60<br>80 100 120<br>Income (Billions)<br>Refer to the above figure. If the relevant saving schedule were constructed:<br>1) its slope would be 1/2.<br>2) it would slope downward and to the right.<br>3) saving would be minus $20 billion at the zero level of income.<br>4) aggregate saving would be $60 at the $60 billion level of income.<br>Consumption (Billions)<br>

Extracted text: 120 100 80 60 40 20 45° 20 40 60 80 100 120 Income (Billions) Refer to the above figure. If the relevant saving schedule were constructed: 1) its slope would be 1/2. 2) it would slope downward and to the right. 3) saving would be minus $20 billion at the zero level of income. 4) aggregate saving would be $60 at the $60 billion level of income. Consumption (Billions)

Jun 07, 2022

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120 100 80 60 40 20 45° 20 40 60 80 100 120 Income (Billions) Refer to the above figure. If the relevant saving schedule were constructed: 1) its slope would be 1/2. 2) it would slope downward and to...

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