Which of the following statements is false?

A) Since 1955,Americans have been spending a larger percentage of their incomes on services.
B) At the point when the C line crosses the 45-degree line,saving is equal to zero.
C) Induced consumption is equal to autonomous consumption when disposable income is zero.
D) According to the permanent income hypothesis,if a person received a windfall of $1 million he would spread his consumption of it over a period of years.

Permanent Income Hypothesis

A theory proposed by Milton Friedman suggesting that an individual's consumer behavior is determined by their long-term income expectations rather than their current income.

Services

Intangible products offered to consumers and other businesses, such as banking, education, and healthcare, which unlike goods, are not physical objects.

Autonomous Consumption

The level of consumption expenditure that occurs when income is zero, reflecting the basic level of consumption necessary for survival.