Author Question: The break-even point on the consumption function represents the point where A) consumption is ... (Read 114 times)

ts19998 · **on:** Jun 30, 2018

The break-even point on the consumption function represents the point where

A) consumption is zero. B) income equals consumption plus spending.
C) consumption equals spending. D) consumption equals income.

Question 2

Which of the following is NOT an assumption of the classical system?

A) Wages and prices are inflexible. B) Pure competition exists.
C) There is no money illusion. D) People are motivated by self interest.