In a graph with output on the x- axis and expenditures on the y- axis, a 45- degree line starting from the origin represents the locus of:
A) negative inventory changes.
B) autonomous consumption levels.
C) equilibrium output levels.
D) positive inventory changes.
Correct Answer:
Verified
Q20: Which of the following statements is true?
A)
Q21: The multiplier for government spending can be
Q22: Q23: Q24: Q26: The marginal propensity to consume is: Q27: The ratio of changes in the equilibrium Q28: The slope of the consumption function equals Q29: Assuming there is no government or foreign Q30: 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) consumption
