(trillions of 2012 dollars) 25 45 line 20 15 Consumpeion funccion 10. 15 Disposable income (erillions of 2012 dollars) 10 20 In the figure above, AE is labeled as the "consumption function." When (disposable) income equals $10 trillion, O a. consumption expenditure is less than disposable income, so consumers are dissaving. O b. consumption expenditure is greater than disposable income, so consumers are saving. O c. consumption expenditure is less than disposable income, so consumers are saving. O d. consumption expenditure is greater than disposable income but it is not possible to determine if consumers are saving or dissaving. O e. consumption expenditure is greater than disposable income, so consumers are dissaving.

(trillions of 2012 dollars) 25 45 line 20 15 Consumpeion funccion 10. 15 Disposable income (erillions of 2012 dollars) 10 20 In the figure above, AE is labeled as the "consumption function." When (disposable) income equals $10 trillion, O a. consumption expenditure is less than disposable income, so consumers are dissaving. O b. consumption expenditure is greater than disposable income, so consumers are saving. O c. consumption expenditure is less than disposable income, so consumers are saving. O d. consumption expenditure is greater than disposable income but it is not possible to determine if consumers are saving or dissaving. O e. consumption expenditure is greater than disposable income, so consumers are dissaving.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 3.6P

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