If autonomous consumption is greater than zero and the marginal propensity to consume is greater than zero, but less than one, the consumption function will first be below and then above the 45 degree line.
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Q180: The marginal propensity to consume (MPC) is
Q198: Exhibit 8-10 Consumption function Q199: Exhibit 8-9 Aggregate expenditures function Q200: Exhibit 8-9 Aggregate expenditures function Q201: Real disposable income is held constant when Q204: The marginal propensity to consume (MPC)is the Q205: If consumption is $800 when disposable income Q206: Keynes argued that the economy naturally achieves Q207: The vertical intercept of the consumption function Q208: The consumption function has a negative slope.
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