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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