Lab 3 (Question 5) _ Lyryx Learning Inc.pdf - Lab...

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2/3/2021 Lab 3 (Question 5) ~ Lyryx Learning Inc Print Preferences Help Lab 3 (Question 5) Name: Dennis Emond Date: 2021-02-03 13:34 You have exceeded the number of allowed attempts for this lab. Question 5 [5 points] Your solution to the question was : For all the questions below select the appropriate answer: a) According to the consumption function, as real disposable income increases: consumption will rise by the same amount as the increase in disposable income. consumption will rise by more than the rise in disposable income as saving falls. consumption will remain constant but saving will rise. consumption will rise by less than the rise in disposable income.
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b) When an economy is at its equilibrium level of output, we know that:

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