The consumption function describes the relationship between consumption expenditures and:

Question

Quizplus · Accepted Answer

The consumption function is based on the idea that as income increases, consumption expenditures also increase. Therefore, the relationship between consumption expenditures and the level of income is the most appropriate choice. The other options may be related, but they are not directly describing the relationship between consumption and another variable.

The Consumption Function Describes the Relationship Between Consumption Expenditures And