120 100 80 60 40 20 45 20 40 60 80 100 120 Income (Billions) Refer to the above figure. If the relevant saving schedule were constructed: 1) its slope would be 1/2. 2) it would slope downward and to the right. 3) saving would be minus $20 billion at the zero level of income. 4) aggregate saving would be $60 at the $60 billion level of income. Consumption (Billions)

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Income (Billions)
Refer to the above figure. If the relevant saving schedule were constructed:
1) its slope would be 1/2.
2) it would slope downward and to the right.
3) saving would be minus $20 billion at the zero level of income.
4) aggregate saving would be $60 at the $60 billion level of income.
Consumption (Billions)
Transcribed Image Text:120 100 80 60 40 20 45° 20 40 60 80 100 120 Income (Billions) Refer to the above figure. If the relevant saving schedule were constructed: 1) its slope would be 1/2. 2) it would slope downward and to the right. 3) saving would be minus $20 billion at the zero level of income. 4) aggregate saving would be $60 at the $60 billion level of income. Consumption (Billions)
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