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beigebee838Lv1
6 Oct 2020
What does the 45-degree line in the aggregate expenditures model represent?
A. All consumption and no saving
B. All saving and no consumption
C. No consumption and no saving
D. Maximum consumption and maximum saving
What does the 45-degree line in the aggregate expenditures model represent?
A. All consumption and no saving
B. All saving and no consumption
C. No consumption and no saving
D. Maximum consumption and maximum saving
Prachi DabasLv10
5 Nov 2020
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Related textbook solutions
Related questions
Assume that consumption when young and consumption when old are both normal goods. The income effect of an increase in the interest rate will result in:
| a. |
a decrease in saving when young. |
|
| b. |
a decrease in saving when old. |
|
| c. |
an increase in saving when old. |
|
| d. |
an increase in saving when young. |
