6000 5000 45-degree line 4000 3000 Consumption 2000 1000 1000 2000 3000 4000 5000 6000 Disposable personal income per period (billions of dollars) What is the autonomous level of consumption (give your answer in billions of dollars) Consumption per period (billions of dollars)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.1CE
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6000
S000
45-degree line
4000
3000
Consumption
2000
1000
1000 2000 3000 4000 5000 6000
Disposable personal income per period (billions of dollars)
What is the autonomous level of consumption (give your answer in billions
dollars)
Consumption per period (billions of dollars)
Transcribed Image Text:6000 S000 45-degree line 4000 3000 Consumption 2000 1000 1000 2000 3000 4000 5000 6000 Disposable personal income per period (billions of dollars) What is the autonomous level of consumption (give your answer in billions dollars) Consumption per period (billions of dollars)
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