In a Graph with Disposable Income on the Horizontal Axis

question 72

Multiple Choice

In a graph with disposable income on the horizontal axis and consumption on the vertical axis,the intersection of the 45-degree line with the

• A)Consumption function indicates zero saving.
• B)Aggregate spending curve indicates full employment.
• C)Full-employment output indicates equilibrium (macro).
• D)Aggregate demand curve indicates equilibrium.

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Definitions:

Disenchanted

A feeling of disillusionment or loss of belief in something that was once considered valuable or important.

Class Background

A term referring to the socioeconomic environment and conditions in which an individual is raised, which can influence their beliefs, behaviors, and opportunities.

Racist Attitudes

Prejudiced beliefs or discriminatory behaviors based on racial or ethnic differences.

Deprivation

The state of lacking or being denied access to goods or resources that are considered to be basic necessities in a society.