Question: In Macroeconomics the consumption function is based on the premise that as income increases, consumption expenditure... [1]increases by a larger amount. [2]increases by the same

In Macroeconomics the consumption function is based on the premise that as income increases, consumption expenditure...

  1. [1]increases by a larger amount.
  2. [2]increases by the same amount.
  3. [3]remains constant unless saving also changes.
  4. [4]increases by a smaller amount.

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