What is not a determinant of the level of consumption?
A)The level of prices.
B)Consumer expectations.
C)The stock of wealth.
D)The age of capital goods.

Question

Quizplus · Accepted Answer

The age of capital goods is not a determinant of the level of consumption. Consumption is determined by factors such as prices, consumer expectations, and the stock of wealth. The age of capital goods may impact investment decisions, but it does not directly affect consumption.

What Is Not a Determinant of the Level of Consumption