The assumed relationship between desired total expenditures and actual national income is called the
A)consumption function.
B)desired aggregate demand function.
C)aggregate expenditure function.
D)dissaving function.
E)equilibrium function.

Question

Quizplus · Accepted Answer

The aggregate expenditure function represents the assumed relationship between desired total expenditures and actual national income, outlining how much households, businesses, and the government plan to spend at different income levels.

The Assumed Relationship Between Desired Total Expenditures and Actual National