Question: 4. The consumption function assumes that personal spending depends primarily on Group of answer choices a. Interest rates. b. Disposable income. c. The amount of

4. The consumption function assumes that personal spending depends primarily on

Group of answer choices

a. Interest rates.

b. Disposable income.

c. The amount of investment.

d. The difference between the average and marginal propensity to consume.

e. The unemployment rate.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!