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Refer to the Information Provided in Figure 23

Question 211

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Refer to the information provided in Figure 23.2 below to answer the question(s) that follow. Refer to the information provided in Figure 23.2 below to answer the question(s)  that follow.   Figure 23.2 -Refer to Figure 23.2. Suppose Jerry's MPC increases, and the vertical intercept of the consumption function does not change. At income Y<sub>1</sub>, Jerry's A)  consumption will be greater than his income. B)  consumption will be less than his income. C)  saving will be zero. D)  all of the above. Figure 23.2
-Refer to Figure 23.2. Suppose Jerry's MPC increases, and the vertical intercept of the consumption function does not change. At income Y1, Jerry's


A) consumption will be greater than his income.
B) consumption will be less than his income.
C) saving will be zero.
D) all of the above.

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