-In the above figure, the line AB is called
A) the consumption function.
B) the saving function.
C) the 45- degree line.
D) the expenditure function.
Correct Answer:
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Q50: Q51: Dissaving Q52: Autonomous consumption is Q53: As real disposable income increases, consumption expenditure Q54: Q56: Induced consumption is equal to Q57: consumption is consumption that will occur _ Q58: Autonomous consumption Q59: With consumption expenditure on the vertical axis Q60: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) occurs when consumption is greater than
A) consumption expenditure that does
A) consumption caused
A) increases with income.
B) is independent
