-In the above figure, at a disposable income level of $2 trillion, saving equals
A) disposable income.
B) zero.
C) $4 trillion.
D) consumption expenditure.
Correct Answer:
Verified
Q27: Autonomous consumption is that portion of consumption
Q28: An increase in expected future income
A) decreases
Q29: Autonomous consumption
A) increases with income.
B) is independent
Q30: There is a movement along the consumption
Q31: Autonomous consumption is equal to
A) saving when
Q33: The positive slope of the consumption function
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
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