The relationship between the level of income and investment spending is known as the consumption function

(Advanced analysis) If the equation C = 20 + .6Y, where C is consumption and Y is disposable income, were graphed:

A. the vertical intercept would be +.6 and the slope would be +20. B. it would reveal an inverse relationship between consumption and disposable income. C. the vertical intercept would be negative, but consumption would increase as disposable income rises. D. the vertical intercept would be +20 and the slope would be +.6.

In a monopolistically competitive market with Dixit-Stiglitz preferences, equilibrium price falls as the goods in the differentiated product market become more substitutable.

Answer the following statement true (T) or false (F)