A Simple Statement of the Consumption Behavior Suggested in Our

question 92

Multiple Choice

A simple statement of the consumption behavior suggested in our model is that

• A)all income earned from wages is spent
• B)total income must be equal to wages plus profits
• C)social values and customs are the primary determinants of consumption spending
• D)spending increases by less than income
• E)people spend more and save more as their disposable income increases