Question

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What is Saving function? Derive
Saving function from the consumption function C=a+by.​

Answer 1

Answer:

I don't know this answer

Answer 2

Answer:

Saving function can be derived from the consumption function. ... Where MPC represents the slope of consumption curve and MPS (1 – c) represents the slope of saving curve. As MPS is positive, therefore, saving is an increasing function of the income level, i.e., saving increases with increase in income.