The difference between consumption and consumption function is that the consumption function is a formula that measures consumer spending.
short run consumption function
Drinking Alcohol could do it...
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.
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).
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.
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.
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.
I have no idea. However, in theory there is a difference.
typically the higher the price the lower the consumption
If the consumption function is C50 0.75y then the marginal propensity to consume is?
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'.