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Refer to the Information Provided in Figure 8

Question 195

Multiple Choice

Refer to the information provided in Figure 8.4 below to answer the questions that follow. Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4 -If the consumption function is below the 45-degree line, A) consumption is less than income and saving is positive. B) consumption is less than income and saving is negative. C) consumption exceeds income and saving is positive. D) consumption exceeds income and saving is negative. Figure 8.4
-If the consumption function is below the 45-degree line,


A) consumption is less than income and saving is positive.
B) consumption is less than income and saving is negative.
C) consumption exceeds income and saving is positive.
D) consumption exceeds income and saving is negative.

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