If the consumption function lies below the 45-degree line, then saving at these levels of disposable income will
A) be positive.
B) be negative.
C) equal zero.
D) be some amount that cannot be determined without additional information.
Correct Answer:
Verified
Q46: Planned saving equals
A) disposable income minus planned
Q47: Induced consumption is equal to
A) saving when
Q48: Consumption expenditures equal disposable income
A) at every
Q49: Q50: Q52: When disposable income equals consumption expenditure, then Q53: When the consumption function lies above the Q54: As real disposable income increases, consumption expenditure Q55: Q56: 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)
