The slope of the consumption function is
A) less than the slope of the 45-degree line but not equal to zero.
B) equal to zero.
C) greater than the slope of the 45-degree line.
D) equal to the slope of the 45-degree line.
Correct Answer:
Verified
Q23: An increase in expected future income_.
A) increases
Q24: Autonomous consumption is equal to
A) consumption caused
Q25: A movement along the consumption function is
Q26: The slope of the consumption function is
A)
Q27: If real disposable income increases by $1500,
Q29: As disposable income increases, consumption expenditures
A) increase
Q30: A movement along the consumption function to
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