Refer to the Information Provided in Figure 8

Multiple Choice

Refer to the information provided in Figure 8.2 below to answer the questions that follow. Figure 8.2
-Refer to Figure 8.2. Suppose Jerry's MPC increases, and the vertical intercept of the consumption function does not change. At income Y₁, Jerry's

A) consumption will be greater than his income.
B) consumption will be less than his income.
C) saving will be zero.
D) all of the above