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Answer to Question #50380 in Macroeconomics for abdulla sabit
Question #50380
Suppose,the saving function of a society is as follows:
S=-100+0.25Y ,where S=Total saving and Y=Disposable income,Answer the following questions:
a.What is the amount of dissaving?
b.What is the total saving when disposable income is 4000?
c.What is induced consumption when disposable income is 2000?
d.Find MPS
S=-100+0.25Y ,where S=Total saving and Y=Disposable income,Answer the following questions:
a.What is the amount of dissaving?
b.What is the total saving when disposable income is 4000?
c.What is induced consumption when disposable income is 2000?
d.Find MPS
Expert's answer
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