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:

Second Order

Relates to a chemical reaction or process that is proportional to the product of two reactant concentrations, or to the square of the concentration of a single reactant.

Exothermic

Describes a chemical reaction that releases energy in the form of heat.

Transition States

High-energy states through which reactants must pass for a chemical reaction to occur, representing a maximum in energy on the reaction path between reactants and products.

Endothermic

A reaction or process that absorbs heat from its surroundings, resulting in a temperature decrease in the external environment.