The consumption function:
A) is the relationship between consumption and disposable income.
B) shows how consumption is determined by changes in the level of disposable income.
C) is an aggregate expenditure.
D) is a sum of individual demand curves.

Question

Quizplus · Accepted Answer

The Answer of The consumption function:
A) is the relationship between consumption and disposable income.
B) shows how consumption is determined by changes in the level of disposable income.
C) is an aggregate expenditure.
D) is a sum of individual demand curves.

The Consumption Function