Chapter 9: Problem 9
What is the level of saving if: a. Disposable income is \(\$ 500\) and consumption is \(\$ 450\) ? b. Disposable income is \(\$ 1,200\) and the \(A P S\) is 9 ? c. The \(M P C\) cquals .9, disposable income rises from \(\$ 800\) to \(\$ 900\), and saving is originally \(\$ 120\) when income equals \(\$ 800\) ?
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.