Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

Suppose that C = a + bY , where C = consumption, a = consumption at zero income, b = slope, and Y = income.

Suppose thatC=a+bY, whereC= consumption,a= consumption at zero income,b= slope, andY= income.

a. AreCandYpositively related or are they negatively related?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics Today

Authors: Roger LeRoy Miller

16th edition

132554615, 978-0132554619

More Books

Students also viewed these Economics questions

Question

★★★★★

For the year ended August 31, 20X0, Zefer Ltd., a Canadian-controlled private corporation, reported a net income before income taxes of $485,000.The statement of income is summarized as follows:...

Answered: 1 week ago

Question

★★★★★

Show that among all rectangular membranes of the same area A = b and the same c the square membrane is that for which u 11 has the lowest frequency.

Answered: 1 week ago

Question

★★★★★

explain the criteria for effective interventions in general and effective positive interventions in particular;

Answered: 1 week ago

Question

★★★★★

On February 15, 2010, Tropical Connection Company, a garden retailer, purchased $25,000 of seed, terms 2/10, n/30, from Midwest Seed Co. Even though the discount period had expired, Lydia DeLay...

Answered: 1 week ago

Question

★★★★★

Mr. Abraham resides in Kebon Jeruk, West Jakarta. Apart from a house in Kebon Jeruk, Tuan Abraham also owns several properties in Jakarta. Here is a list of properties owned by Mr. Abraham: a. House...

Answered: 1 week ago

Question

★★★★★

Marco Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials used (in March) $ 30,000 $ 44,000 Direct labor used (in March)...

Answered: 1 week ago

Question

★★★★★

The present value of a future amount was calculated to be R207,54 at a discount rate of 5% and the present value of the same future amount was calculated to be R183,30 at a discount rate of 6%. Use...

Answered: 1 week ago

Question

★★★★★

Use the data from the following file (Fish.csv) table pasted below for running linear regression. Weight Length1 Length2 Length3 Height Width 242 23.2 25.4 30 11.52 4.02 290 24 26.3 31.2 12.48 4.3056...

Answered: 1 week ago

Question

★★★★★

In the mechanism shown in Fig. 2.53, the crank AB, 70 mm long, rotates clockwise at 110 rev/min. CD is 140 mm long. Link BD is 260 mm long and slides through a swivelling pin E at the lower end of...

Answered: 1 week ago

Question

★★★★★

At January 1 , 2 0 2 4 , Brant Cargo acquired equipment by issuing a four - year, $ 1 5 0 , 0 0 0 ( payable at maturity ) , 6 % note. The market rate of interest for notes of similar risk is 1 2 % ....

Answered: 1 week ago

Question

★★★★★

A simulation of a major traffic intersection is to be conducted, with the objectives of improving current traffic flow. Provide three iterations, in increasing order of complexity, of steps 1 and 2...

Answered: 1 week ago

Question

★★★★★

Mr. and Mrs. Jacob McAlaster own a small variety store in central Wisconsin. It provides groceries, convenience items, and a limited selection of cards and gifts. They own just the one store and this...

Answered: 1 week ago

Question

★★★★★

2. A Soviet invasion of Poland would lead to the severing of diplomatic relations between the United States and the Soviet Union.

Answered: 1 week ago

Question

★★★★★

1. Diplomatic relations between the United States and the Soviet Union would be severed in 1993 than that

Answered: 1 week ago

Question

★★★★★

2. Information that comes most readily to mind (availability).

Answered: 1 week ago

Previous Question Next Question