The most important determinant of the level of consumption is

Name: The most important determinant of the level of consumption is
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Question

Quizplus · Accepted Answer

The level of disposable income is the most important determinant of consumption as it represents the amount of money available for spending after taxes and necessities are taken care of. Credit availability, stock of liquid assets, keeping up with the Joneses, and consumer expectations can also influence consumption, but to a lesser extent.

The Most Important Determinant of the Level of Consumption Is