When a consumption schedule is plotted as a straight line, the slope of the consumption line is:
A) Vertical
B) Horizontal
C) Greater than the slope of the 45° line
D) Less than the slope of the 45° line
Correct Answer:
Verified
Q1: The slope of the consumption schedule between
Q2: Q3: As disposable income decreases, the: Q4: When the consumption schedule is plotted on Q6: The consumption schedule shows the relationship of Q7: If consumption increases while income remains the Q8: If disposable income is $900 billion when Q9: If there is a decrease in disposable Q10: An increase in disposable income: Q11: The fraction, or percentage, of total income
A) Average propensity
A) Increases consumption
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