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What Is the Consumption Function? What Factor Leads to a Movement

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What is the consumption function? What factor leads to a movement along the consumption function?


Definitions:

Moral Obligations

Ethical duties or commitments that arise from principles of right and wrong behavior.

Desires

Strong feelings of wanting or wishing for something to happen or be obtained.

Maxim

A general truth, fundamental principle, or rule of conduct expressed in a concise and often pithy statement.

Categorical Imperative

A foundational concept in the moral philosophy of Immanuel Kant, which prescribes actions as universally mandatory, based on their maxims being capable of becoming universal law.

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