Multiple Choice
If C = $3,000 + 0.9Y, which of the following will not be true?
A) If income is less than $30,000, saving must be negative.
B) If income is $30,000, then consumers are not saving.
C) If income equals $40,000, saving must be $0.
D) The marginal propensity to consume is 0.9.
E) Autonomous consumption is $3,000.
Correct Answer:

Verified
Correct Answer:
Verified
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