At the point where the consumption schedule intersects the 45-degree line:
A)the MPC equals 1.
B. the APC is zero.
C. saving equals income.
D. saving is zero.
Answer:D
At the point where the consumption schedule intersects the 45-degree line:
A)the MPC equals 1. B. the APC is zero. C. saving equals income. D. saving is zero.