-In the Above Figure, Line ABC Is Called

question 12

Multiple Choice

-In the above figure, line ABC is called

• A) the saving function.
• B) the 45-degree line.
• C) aggregate supply.
• D) the consumption function.

Predict changes in output in response to economic conditions in the short run and long run.

Calculate total profits based on various economic conditions.

Recognize explicit and implicit costs in business decisions.

Understand different types of reliability and the methods for their assessment.

---

Definitions:

Congruent

In psychology, referring to consistency and alignment between an individual's self-perception and actual experiences or behaviors.

Environment

The surrounding conditions, influences, or forces which affect the life, behavior, or development of an organism or community.

Innate Tendency

An inherent inclination or natural disposition in organisms to behave in a certain way.

Human Nature

The inherent characteristics, including ways of thinking, feeling, and acting, that all humans share.