The _____ Relationship Between Consumption Spending and Income Is Depicted

question 73

Multiple Choice

The _____ relationship between consumption spending and income is depicted on:

• A) negative; an aggregate demand curve
• B) negative; a consumption function
• C) positive; an aggregate demand curve
• D) positive; a consumption function

---

Definitions:

Economic Problem

The challenge of limited resources to meet unlimited wants and needs of society.

Capital Goods

Long-lasting goods purchased or used by businesses to produce goods or services and not intended for final consumption.

Consumer Goods

Products and services that are consumed by individuals or households to satisfy their needs or wants.

Producing

The process of creating, manufacturing, or constructing goods and services for consumption or use.