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Different between consumption and consumption function?

The difference between consumption and consumption function is that the consumption function is a formula that measures consumer spending.


WHAT IS Short run consumption function?

short run consumption function


What factors affects a persons blood alcohol concentration?

Drinking Alcohol could do it...


Which factor does not influence intoxication?

Age does not influence intoxication; intoxication is primarily influenced by factors such as the amount of alcohol consumed, the rate of consumption, body weight, metabolism, and tolerance.


Factors influencing economic growth?

That'll be any factors that influence the components of the Aggregate Demand (Consumption + Investment + Government spending + Net exports). Any factors that influence each and every component of AD will affect economic growth (through the multiplier process).


How does our economy work and what factors influence its functioning?

The economy works through the production, distribution, and consumption of goods and services. Factors that influence its functioning include supply and demand, government policies, technological advancements, global trade, and consumer behavior.


What makes consumption function shift up?

The consumption function shifts up when factors such as an increase in consumer confidence, higher disposable income, or a rise in wealth occur. Additionally, changes in fiscal policy, such as tax cuts or direct cash transfers, can also boost consumption by providing households with more resources. Furthermore, lower interest rates can encourage borrowing and spending, leading to an upward shift in the consumption function.


What is the difference between consumption consumption function?

consumption is that money who you consume on any thing and the consumption function is that relation who tell you the consuming level on your every money income level.


Difference between linear consumption function and non linear consumption function?

I have no idea. However, in theory there is a difference.


How does price level influence consumption?

typically the higher the price the lower the consumption


If the consumption function is C50 0.75y then the marginal propensity to consume is?

If the consumption function is C50 0.75y then the marginal propensity to consume is?


Who developed the consumption function?

The consumption function was developed by John Maynard Keynes. The function was outline in his book titled 'The General Theory of Employment, Interest and Money'.