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The graph shows the output function, savings function, and depreciation function for an economy. Show what happens when the investment rate decreases by half by
The graph shows the output function, savings function, and depreciation function for an economy. Show what happens when the investment rate decreases by half by shifting the appropriate curve or curves in the graph. @ Macmillan Learning What is the savings rate before the change? Answer Output function to two decimal places. 0.5 Depreciation function savings rate: units Incorrect () inding Savings function In the long run, what happens to consumption in the economy when people are saving less? increases O cannot tell from the graph O 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Capital (K) O remains the same Incorrect
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