Author Question: Identify the correct statement. a. Autonomous consumption equals saving when disposable income is ... (Read 86 times)

Deast7027 · **on:** Jun 30, 2018

Identify the correct statement.
a. Autonomous consumption equals saving when disposable income is equal to zero.
b. Saving is equal to consumption when autonomous consumption is zero.
c. The savings function always has a positive intercept when autonomous consumption is positive.
d. The consumption and saving function intersect each other when disposable income is zero.
e. Autonomous consumption is positive even when disposable income is zero.

Question 2

Garbage is scarce because it is abundant.
a. True
b. False
Indicate whether the statement is true or false