The consumption function shows how much
A) households plan to consume per year at each possible interest rate.
B) real disposable income people will earn at each income tax bracket.
C) households plan to consume per year at each level of real disposable income.
D) households plan to consume per year at each level of savings.
C
Economics
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Explain why tariffs are a primary revenue source for less-developed countries but not for developed countries
What will be an ideal response?
Economics
Suppose the economy is in long-run equilibrium and there is an increase in investment. As a result, real GDP will ________ in the short run, and ________ in the long run
A) increase; increase further B) increase; decrease to its initial value C) decrease; decrease further D) decrease; increase to its initial level
Economics