If prejudice originates with employers, market forces work to reduce discrimination and lower wage differences between the favored and unfavored groups

Most economists analyze economic issues from a normative approach

Indicate whether the statement is true or false

The consumption function assumes that:

a. only disposable income affects consumption b. only the price level affects consumption. c. many factors other than disposable income affect consumption, and each is allowed to vary along the consumption function. d. factors other than disposable income affect consumption, but those are held constant along the consumption function. e. only consumer expectations affect consumption.