Saving rather than dissaving occurs at any level of disposable income at which
A) the consumption function is above the 45-degree line.
B) the consumption function intersects the saving/income curve.
C) the consumption function is below the 45-degree line.
D) autonomous consumption is positive.
Correct Answer:
Verified
Q58: When disposable income equals $800 billion, planned
Q59: Dissaving
A) is equal to consumption expenditure when
Q60: Where the consumption function crosses the 45°
Q61: The saving function shows a _ relationship
Q62: What is the marginal propensity to consume?
A)
Q64: An increase in disposable income shifts
A) both
Q65: The marginal propensity to consume is equal
Q66: At a level of disposable income of
Q67: An increase in disposable income
A) shifts the
Q68: The marginal propensity to consume is
A) total
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