At the Point Where the Consumption Function Crosses the 45-Degree

question 8

Multiple Choice

At the point where the consumption function crosses the 45-degree line:

• A)consumption is equal to disposable income, and therefore, saving is zero.
• B)consumption is less than income, and saving is present.
• C)consumption is greater than income, and dissaving is present.
• D)planned saving equals actual saving minus disposable income.

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