Use the information in the table below to answer questions about the economy of Watis. a. Complete the table assuming that the MPC is constant. Remember to enter a minus (-) sign to indicate negative values. C S 30 50 Y 0 50 100 150 200 b. The value of the MPC is places. 60 90 and the value of the MPS is When necessary, enter your answers rounded to 2 decim c. What are the equations for the consumption function and the saving function? (Click to select) ✓ (Click to select) (Click to select) M (Click to select) (Click to select) C G S Y

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 1.1P
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Use the information in the table below to answer questions about the economy of Watis.
a. Complete the table assuming that the MPC is constant. Remember to enter a minus (-) sign to indicate negative values.
C
S
30
50
Y
0
50
100
150
200
b. The value of the MPC is
places.
60
90
and the value of the MPS is
c. What are the equations for the consumption function and the saving function?
CH
(Click to select)
(Click to select) ✓
(Click to select)
S =
(Click to select)
(Click to select)
C
G
S
Y
Prev
When necessary, enter your answers rounded to 2 decimal
O Search
5 of 18
NO
4
Next >
Transcribed Image Text:Use the information in the table below to answer questions about the economy of Watis. a. Complete the table assuming that the MPC is constant. Remember to enter a minus (-) sign to indicate negative values. C S 30 50 Y 0 50 100 150 200 b. The value of the MPC is places. 60 90 and the value of the MPS is c. What are the equations for the consumption function and the saving function? CH (Click to select) (Click to select) ✓ (Click to select) S = (Click to select) (Click to select) C G S Y Prev When necessary, enter your answers rounded to 2 decimal O Search 5 of 18 NO 4 Next >
Use the information in the table below to answer questions about the economy of Watis.
a. Complete the table assuming that the MPC is constant. Remember to enter a minus (-) sign to indicate negative values.
C
S
30
50
C
0
50
100
150
S=
200
b. The value of the MPC is
places.
c. What are the equations for the consumption function and the saving function?
(Click to select) Y
(Click to select)
(Click to select)
(Click to select)
60
90
+
and the value of the MPS is
Prev
When necessary, enter your answers rounded to 2 decimal
5 of 18
Next >
Transcribed Image Text:Use the information in the table below to answer questions about the economy of Watis. a. Complete the table assuming that the MPC is constant. Remember to enter a minus (-) sign to indicate negative values. C S 30 50 C 0 50 100 150 S= 200 b. The value of the MPC is places. c. What are the equations for the consumption function and the saving function? (Click to select) Y (Click to select) (Click to select) (Click to select) 60 90 + and the value of the MPS is Prev When necessary, enter your answers rounded to 2 decimal 5 of 18 Next >
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