-In the Above Figure, Line ABC Is Called

question 410

Multiple Choice

-In the above figure, line ABC is called

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

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget and prices.

Price Of Goods

The amount of money required to purchase a product or service, determined by factors like demand, supply, and production costs.

Business Magazine

A publication focusing on topics related to the business industry, including trends, analysis, and profiles of companies and leaders.

Consumer Publication

A magazine or other publication that offers information and advice on consumer products and services.