Refer to the information provided in Figure 8.3 below to answer the questions that follow. Figure 8.3
-Refer to Figure 8.3. [-60 + 0.3Y] is this society's
A) MPC.
B) MPS.
C) saving function.
D) consumption function.

Question

Refer to the information provided in Figure 8.3 below to answer the questions that follow.  Figure 8.3
-Refer to Figure 8.3. [-60 + 0.3Y] is this society's
A) MPC. 
B) MPS. 
C) saving function. 
D) consumption function.

Quizplus · Accepted Answer

[-60 + 0.3Y] represents the society's saving function, as it shows the amount of savings at different levels of income (Y).

Refer to the Information Provided in Figure 8