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Figure 13-3 -Refer to Figure 13-3. Which of the Following Statements Is

Question 70

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Figure 13-3 Figure 13-3   -Refer to Figure 13-3. Which of the following statements is false? A)  At points j, k, and m, consumers spend all their disposable income on consumption. B)  The amount of consumption is positive even when disposable income equals zero. C)  The slope of the consumption function is the marginal propensity to consume. D)  At points j, k, and m, the marginal propensity to save equals zero.
-Refer to Figure 13-3. Which of the following statements is false?


A) At points j, k, and m, consumers spend all their disposable income on consumption.
B) The amount of consumption is positive even when disposable income equals zero.
C) The slope of the consumption function is the marginal propensity to consume.
D) At points j, k, and m, the marginal propensity to save equals zero.

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