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Home Q & A Board Other Fields Homework Help Business Economics
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vellojo vellojo
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7 years ago
With consumption expenditure on the vertical axis and disposable income on the horizontal axis, the consumption function intersects the 45-degree line at $8 trillion. This result indicates that
A) autonomous consumption spending is $8 trillion.
B) consumption spending is less than $8 trillion because taxes must be paid.
C) consumption spending is more than $8 trillion because taxes have been paid.
D) consumption spending is $8 trillion when disposable income is $8 trillion.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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#2
7 years ago
Everyone I encourage you to thumbs up the answer!

got it right
Studying economics @ Edinburgh U
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