A simple statement of the consumption behavior suggested in our model is that
A)all income earned from wages is spent
B)total income must be equal to wages plus profits
C)social values and customs are the primary determinants of consumption spending
D)spending increases by less than income
E)people spend more and save more as their disposable income increases

Question

Quizplus · Accepted Answer

The Answer of A simple statement of the consumption behavior suggested in our model is that
A)all income earned from wages is spent
B)total income must be equal to wages plus profits
C)social values and customs are the primary determinants of consumption spending
D)spending increases by less than income
E)people spend more and save more as their disposable income increases

A Simple Statement of the Consumption Behavior Suggested in Our