Planned expenditures equal real disposable income
A) at every point on the saving function. B) at every point on the consumption function.
C) at every point on the 45-degree line. D) when saving equals zero.
Question 2
Which of the following statements is true of the U.S. economy before 1800?
A) The U.S. economy was growing at an average rate of more than 6 per annum.
B) There were no major achievements in arts.
C) Sustained economic growth was rare or absent in the U.S. economy.
D) There were no major achievements in science and technology.
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Graph the function by hand & label key points on graph:
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