If the Consumption Function Is Above the 45-Degree Line

question 111

Multiple Choice

If the consumption function is above the 45-degree line

• A) consumption is less than income and saving is positive.
• B) consumption is less than income and saving is negative.
• C) consumption exceeds income and saving is positive.
• D) consumption exceeds income and saving is negative.

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Definitions:

Educational Levels

The stages or degrees of formal learning, ranging from primary education to tertiary education and beyond.

Income Levels

Categories of annual personal or household earnings, often segmented into brackets such as low, middle, and high income.

Same-sex Civil Unions

Legal relationships offered by some jurisdictions to same-sex couples, providing rights and responsibilities similar to those of marriage, but without the designation of marriage.

Slight Majority

A small more than half portion of a group or quantity, indicating a narrow margin over the minority.