At the Point Where the Consumption Schedule Intersects the 45-Degree

question 68

Multiple Choice

At the point where the consumption schedule intersects the 45-degree line,

• A) the MPC is 1.00.
• B) the APC is 1.00.
• C) saving is equal to consumption.
• D) the economy is in equilibrium.

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Definitions:

Maintenance

The process of preserving something’s condition or functionality through regular checkups, repairs, and necessary updates.

Massed

Pertaining to a practice schedule where tasks are performed in long, unbroken intervals without rest, contrasting with spaced practice.

Mnemonic

A device or technique used to aid memory, often through association of familiar concepts or a sequence of ideas.

Equipotentiality Hypothesis

The idea that any part of a certain brain area can carry out the functions of any other part of that area.