Suppose the consumption function is illustrated in the form of a diagram that cuts the 45 line.

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Suppose the consumption function is illustrated in the form of a diagram that cuts the 45° line. This means that

(a) income e~ceeds consumption.

(b) consumption and income are equal.

(c) consumption exceeds income.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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Question Posted: Nov 15, 2024 06:00 AM

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Suppose the consumption function is illustrated in the form of a diagram that cuts the 45 line.

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Macroeconomics

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