The consumption function
A) is a relationship between annual consumption and annual disposable income in an economy.
B) will shift upward if aggregate household wealth declines.
C) implies that annual consumption in an economy will be zero if disposable income is zero.
D) is a flat line with zero slope.
Correct Answer:
Verified
Q22: Which statement is true?
A)Autonomous C can never
Q23: Q24: Q25: As disposable income grows, Q26: If disposable income were to fall from Q28: Which has grown the fastest since 1955? Q29: A major critic of our very high Q30: If disposable income were to rise from Q31: When disposable income is zero,the level of Q32: 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
A)both autonomous C and
A)Durable
