The Positive Slope of the Consumption Function Indicates That

question 187

Multiple Choice

The positive slope of the consumption function indicates that

• A) the amount of household wealth is subject to change.
• B) when prices fall consumers spend more.
• C) consumers increase their total consumption expenditure when disposable income increases.
• D) consumers spend less out of each extra dollar of income.

---

Definitions:

Social Media Strategy

A detailed plan outlining how a business or individual will use social media platforms to achieve communication objectives and target goals.

Flexibility

The ability to adapt quickly and efficiently to changing conditions or situations without significant loss of function or quality.

Independence

Refers to the state or quality of being free from external control or support.

Online Portfolio

A website or web page where professionals showcase their work and achievements to potential employers or clients.