-In the above figure, consumption and disposable income are equal at
A) a disposable income level of $0.
B) any point along the consumption function.
C) a saving level of $1 trillion and disposable income level of $4 trillion.
D) a disposable income level of $2 trillion.
Correct Answer:
Verified
Q32: Which of the following will NOT shift
Q33: _consumption is consumption that will occur_ the
Q34: If disposable income increases,
A) there is movement
Q35: The graph of the consumption function has
Q36: Autonomous consumption
A) increases with income.
B) decreases with
Q38: The positive slope of the consumption function
Q39: There is a movement along the consumption
Q40: The consumption function shows how much
A) real
Q41: With consumption expenditure on the vertical axis
Q42: ʺDissavingʺ occurs when
A) the consumption function is
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