-In Figure 6.1:
A) the point A represents autonomous consumption.
B) c represents the slope of the line.
C) c represents the marginal propensity to consume.
D) all of the above

Question

-In Figure 6.1:
A) the point A represents autonomous consumption. 
B) c represents the slope of the line. 
C) c represents the marginal propensity to consume. 
D) all of the above

Quizplus · Accepted Answer

All options are correct. Point A typically represents autonomous consumption, which is the level of consumption when income is zero. The slope of the line, denoted by 'c', represents the change in consumption for a given change in income, which is also known as the marginal propensity to consume.