Please give an answer on following questions Questions1. Explain the relationship between consumption,disposable income and saving.2. Give examples of factors that decrease short-runaggregate supply. Which way does the SAS curve shift?

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1. Explain the relationship between consumption, disposable income and saving.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 15SCQ: If the economy is operating In the Keynesian zone of the SRAS curve and aggregate demand falls, what...

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Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.

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