The Two Parts of the Keynesian Consumption Function Are Consumption

question 120

Multiple Choice

The two parts of the Keynesian consumption function are consumption that depends on ________ and consumption that depends on ________.

• A)disposable income; factors other than disposable income
• B)planned spending; unplanned spending
• C)real income; nominal income
• D)money; wealth

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Definitions:

Race

A social construct used to categorize humans based on physical and ancestral characteristics, influencing identities and social positions.

Attribute

A quality or characteristic belonging to a person, thing, or group.

Individuals

Single human beings, as distinct from groups or collectives.

White Americans

Individuals in the United States who identify as having origins in any of the original peoples of Europe, the Middle East, or North Africa.