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The relationship between consumption and disposable income is such that as Group of answer choices consumption rises, disposable...

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Economics

The relationship between consumption and disposable income issuch that as

Group of answer choices

consumption rises, disposable income falls

disposable income rises, consumption falls

disposable income rises, consumption rises

disposable income rises, saving falls

The federal government’s principal tool in altering consumerspending is

Group of answer choices

changing corporate taxes

changing federal sales taxes

changing unemployment insurance benefits

changing personal income taxes

The difference between disposable income and consumptionspending is

Group of answer choices

transfer payments

personal taxes

saving

personal investment

The relationship between consumer spending and disposable incomeis called the

Group of answer choices

consumption function

income function

marginal income function

taxation function

Answer & Explanation Solved by verified expert
4.1 Ratings (583 Votes)
The consumption function can be written as C a bYT where a is the autonomous consumption expenditure b is the marginal propensity to consume and YT is the disposable income where Y    See Answer
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