On a Diagram of the Planned Expenditure Function Ep and the 45-Degree

question 37

Multiple Choice

On a diagram of the planned expenditure function Ep and the 45-degree line,we find autonomous planned spending

• A)where the 45-degree line hits the vertical axis.
• B)at each level of output by the vertical distance between the Ep and 45-degree lines.
• C)where Ep intersects the vertical axis.
• D)at each level of income by the vertical distance from the horizontal axis up to Ep.

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Definitions:

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Principles concerning the distinction between right and wrong or good and bad behavior, often influenced by cultural, religious, or personal values.

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