If the Consumption Function Coincides with the 45-Degree Line,then We

question 115

Multiple Choice

If the consumption function coincides with the 45-degree line,then we know that

• A)desired consumption is constant at all levels of disposable income.
• B)the marginal propensity to consume is less than one.
• C)the marginal propensity to consume is greater than one.
• D)desired consumption equals desired saving at all levels of disposable income.
• E)desired saving is zero at all levels of disposable income.

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Definitions:

Human Cultures

The shared practices, values, beliefs, and artifacts of groups of people, which are transmitted from one generation to the next.

Economics

The social science that studies how individuals, governments, and societies make choices about allocating resources to satisfy their needs and desires.

Neuroscience

The scientific study of the nervous system, focusing on the structure, function, development, genetics, biochemistry, and pathology of neurons and neural circuits.

Developmental Psychology

The study of how people change across their lives, from conception and birth to old age and death.