Where the Consumption Function Intersects the 45-Degree Line

question 446

Multiple Choice

Where the consumption function intersects the 45-degree line

• A) savings will be negative.
• B) consumption will equal only autonomous consumption.
• C) the average propensity to consume is 0.5.
• D) saving will be zero.

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Definitions:

Yard Sales

Informal sales events typically held at someone's home or property where used goods are sold to the public.

Opposition

A position or movement against something, often referring to a disapproval or resistance against proposals, policies, or authorities.

Relationships

Connections or associations between people, groups, or objects, characterized by a certain level of involvement or interaction.

Subalternate

In Aristotelian logic, a term that refers to the relationship between particular and universal propositions where the truth of the universal necessitates the truth of the particular.