The Consumption Function Describes the Relationship Between

question 87

Multiple Choice

The consumption function describes the relationship between

• A)consumption spending and national income.
• B)consumption spending and aggregate income.
• C)consumption spending and disposable income.
• D)consumption spending and personal income.

---

Definitions:

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Intelligence

An inferred characteristic of an individual, usually defined as the ability to profit from experience, acquire knowledge, think abstractly, act purposefully, or adapt to changes in the environment.

Acquire Knowledge

The process of learning or obtaining information, understanding, or skills through experience, study, or being taught.

Adapt

The process of adjusting or changing to become more suitable for a new environment or conditions.