MCQOPTIONS
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| 1. |
The consumption and saving schedules reveal that the: |
| A. | MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line. |
| B. | MPC is equal to or greater than one at all income levels. |
| C. | MPC is greater than zero, but less than one. |
| D. | APS is positive at all income levels. |
| Answer» D. APS is positive at all income levels. | |