Which of the Following Is NOT Usually Assumed About the Effect

question 13

Multiple Choice

Which of the following is NOT usually assumed about the effect of disposable income on aggregate consumer spending?

• A)Consumer spending is at a higher level of disposable income.
• B)At low levels of disposable income,saving may be negative.
• C)Consumption is always less than disposable income.
• D)A rise in income leads to a less than proportionate rise in consumption.

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