A Graphical Plot of Consumption Expenditures Against Disposable Income for the US

question 24

Multiple Choice

A graphical plot of consumption expenditures against disposable income for the US over the past 20 years shows

• A) no apparent relationship between consumption and disposable income
• B) consumption remaining roughly constant as disposable income rises
• C) consumption falling as disposable income rises
• D) consumption rising as disposable income has fallen
• E) consumption rising almost proportionately as income rises

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