-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.

Question

-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.

Quizplus · Accepted Answer

The line AB is referred to as the 45-degree line, which represents points where the value on the horizontal axis equals the value on the vertical axis, often used in economics to show equilibrium in income-expenditure models.

-In the Above Figure, the Line AB Is Called