The relationship describing how consumption depends on income is known by economists as
A) the income function.
B) the budget constraint function.
C) the purchasing function.
D) the affordable function.
E) None of these
Correct Answer:
Verified
Q60: Which of the following statements is false?
A)The
Q61: Disposable income is the income that households
A)save
Q62: The consumption function for the whole economy
A)looks
Q63: If the marginal propensity to consume declines,
Q64: The notion of the consumption function originated
Q66: The marginal propensity to consume is best
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents