The consumption function shows
A) a positive relationship between an individual's stock of wealth and his level of planned consumption.
B) a negative relationship between planned consumption and aggregate saving.
C) a positive relationship between disposable income and planned consumption.
D) a negative relationship between disposable income and planned consumption.
C
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Using the ZZ/Y and NX graphs, illustrate graphically and explain what effect an increase in government spending will have on output, exports, imports, and net exports. Clearly label all curves and clearly label the initial and final equilibria
What will be an ideal response?
Which of the following best describes the impact of technological change on labor? a. Technology causes unemployment in the short run and lower incomes in the long run
b. Technology causes unemployment in the short run and higher incomes in the long run. c. Technology causes unemployment in the long run and higher incomes in the short run. d. Technology causes unemployment in the long run and lower incomes in the short run. e. Technology causes unemployment and lower incomes in both the long run and the short run.