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Author Question: The 45-degree line used in a consumption function represents: a. the saving function. b. all ... (Read 140 times)

tsand2

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The 45-degree line used in a consumption function represents:
 a. the saving function.
  b. all points at which saving equals disposable income.
  c. all points at which consumption equals saving.
  d. all points at which all disposable income is consumed.
  e. the aggregate income of the economy.

Question 2

In order to not face tradeoffs, scarcity would have to be eliminated.
 a. True
  b. False
  Indicate whether the statement is true or false



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Ahernandez18

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Answer to Question 1

d

Answer to Question 2

True




tsand2

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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