Refer to the information provided in Figure 8.7 below to answer the questions that follow. 
Figure 8.7
-Refer to Figure 8.7. In Farley, planned investment varies inversely with income. Farley's planned investment function is represented by
Definitions:
Looking Backward
A utopian science fiction novel by Edward Bellamy that imagines a future society based on social harmony and economic equality.
Social Darwinist
A belief system that applies Darwin's theory of natural selection to society, suggesting that humans compete in a struggle for existence in which only the fittest survive.
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