In Macroeconomics,the Consumption Function

question 56

Multiple Choice

In macroeconomics,the consumption function

• A)and the aggregate expenditure function are the same.
• B)describes the relationship between desired consumption expenditure and the factors that determine it,like national income.
• C)refers to the relationship between consumption expenditure and relative prices.
• D)refers to the relationship between an individual's consumption and his/her wealth.
• E)is relatively unimportant in macroeconomics,because consumption is such a small component of aggregate expenditure.

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Definitions:

Gerrymandering

The practice of manipulating electoral district boundaries to favor one party or class, often leading to disproportionate political influence.

Single-Member Electoral System

An electoral system in which constituencies elect one representative each to a legislative body.

Proportional Representation

An electoral system in which parties gain seats in proportion to the number of votes cast for them. This system aims to ensure that political representation is more accurately reflected.

Aggregate Interests

The combined concerns, wants or needs of a group of people that are collected to represent or reflect a broader public interest.