Which of the following statements is true concerning the consumption function?
A)It slopes upward.
B)Its slope equals the MPC.
C)It represents the direct (positive)relationship between consumption spending and the level of real disposable income.
D)If the consumption function lies above the 45-degree line then saving is positive.
E)All of these.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true concerning the consumption function?
A)It slopes upward.
B)Its slope equals the MPC.
C)It represents the direct (positive)relationship between consumption spending and the level of real disposable income.
D)If the consumption function lies above the 45-degree line then saving is positive.
E)All of these.

Which of the Following Statements Is True Concerning the Consumption