Consumption and disposable income are

Name: Consumption and disposable income are
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consumption and disposable income are directly related, meaning that as disposable income increases, consumption also tends to increase. This is because people have more money available to spend on goods and services, and therefore tend to consume more. This relationship is known as the consumption function, which describes the relationship between consumption and disposable income.

Consumption and Disposable Income Are