The slope of the consumption function is
A) less than the slope of the 45-degree line but not equal to zero.
B) greater than the slope of the 45-degree line.
C) equal to the slope of the 45-degree line.
D) equal to zero.
Correct Answer:
Verified
Q34: If real disposable income increases by $1,500,
Q35: If disposable income increases
A) the consumption function
Q36: Between 2013 and 2014 the government estimates
Q37: Which of the following will NOT shift
Q38: The consumption function shows how much
A) all
Q40: The slope of the consumption function is
A)
Q41: In a diagram with the consumption function,
Q42: With consumption expenditure on the vertical axis
Q43: In a diagram with the consumption function,
Q44: "Dissaving" occurs when
A) income exceeds consumption expenditure.
B)
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