Refer to the above figure. If the relevant saving schedule were constructed:
A)saving would be minus $20 billion at the zero level of income.
B)aggregate saving would be $60 at the $60 billion level of income.
C)its slope would be 1/2.
D)it would slope downward and to the right
Answer:A
Refer to the above figure. If the relevant saving schedule were constructed:
A)saving would be minus $20 billion at the zero level of income. B)aggregate saving would be $60 at the $60 billion level of income. C)its slope would be 1/2. D)it would slope downward and to the right