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economics question W POSIC Current disposable income held to buy consumption goods in the future is referred to as A. autonomous consumption OB. future consumption
economics question
W POSIC Current disposable income held to buy consumption goods in the future is referred to as A. autonomous consumption OB. future consumption O c. savings OD. saving Consumption is a variable 110 o o TOO CY 00 Use the consumption function shown to answer the following questions At what level of income is consumption equal to disposable income? $ billion Which of the following statements is true? O A. At an income level of 50 billion there is dissaving equal to $10 billion OB. Consumption is $40 billion when the income level in $100 bilion. OC, At an income of $100 billion there is disaving of $40 billion OD. Saving equals consumption at an income level of $20 billion C & 80 70- 60- Planned Real Consumption 50 0 130 10 20 30 40 50 60 70 80 90 100 110 Real Disposable Income ( billions) Step by Step Solution
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