270 200 130 60 450 100 200 300 Aggregate income (Y) Figure ?Refer to Figure 8.3. Which of the following statements is t Aggregate saving is negative for all income levels below $400 a For all aggregate income levels above $200, aggregate consumption is greater than aggregate income b If consumption is the only expenditure, this economy would be in equilibrium at an aggregate income level of .c $300 Aggregate consumption (C)

270 200 130 60 450 100 200 300 Aggregate income (Y) Figure ?Refer to Figure 8.3. Which of the following statements is t Aggregate saving is negative for all income levels below $400 a For all aggregate income levels above $200, aggregate consumption is greater than aggregate income b If consumption is the only expenditure, this economy would be in equilibrium at an aggregate income level of .c $300 Aggregate consumption (C)

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 10E

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