Identify the correct statement with respect to consumption and saving function.
A) Both the consumption function and the saving function have negative slopes.
B) As disposable income declines, consumption and saving increase.
C) The consumption function has a negative slope while the saving function has a positive slope.
D) As disposable income rises, consumption and saving increases.
E) The consumption function has a positive slope while the saving function has a negative slope.
Correct Answer:
Verified
Q1: Which of the following variables is a
Q4: Autonomous consumption is defined as:
A) the level
Q5: The consumption function illustrates that:
A)saving increases as
Q6: The sum of consumption and saving is
Q6: Identify the correct statement.
A)Autonomous consumption equals saving
Q10: The figure given below represents the saving
Q12: Dissaving occurs when:
A)disposable income is greater than
Q16: The income net of taxes is called
Q19: The part of the disposable income that
Q20: Which of the following is a stock
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