Economy, asked by esthermalobe20, 9 months ago

what is the different between consumption function and savings function?

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Answered by Anonymous

1

$<font color=green> <body bgcolor=black>$ At all points on the 45° line, income on the vertical axis is equal to income on the horizontal axis. Given the 45° line and the consumption function, we can now derive the saving functiongraphically. Since income equalsconsumption plus saving, saving is the difference between income andconsumption

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