At a level of disposable income of $0, consumption expenditure is $5000. Saving equals
A) $2500.
B) 0.
C) - $5000.
D) an amount that cannot be determined with the information available.
Correct Answer:
Verified
Q57: consumption is consumption that will occur _
Q58: Autonomous consumption
A) increases with income.
B) is independent
Q59: With consumption expenditure on the vertical axis
Q60: Q61: consumption expenditure is greater than disposable income. Q63: If the consumption function is below the Q64: When disposable income is 0, consumption is Q65: At the level of disposable income where Q66: Suppose that saving equals $0 when disposable Q67: An increase in disposable income
A)
A) shifts the
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