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Consumption spending that is at an independent level of income is know as?
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∙ 10y ago
Transitory
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∙ 10y ago
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The consumption function relates the consumption expenditure decisions of households?
to the level of disposible income
What is the primary determinant of the level of consumption and saving in the economy?
the level of income
How do you calculate the equilibrium level of consumption?
you first have to culculate equilibrium level of income.
What does the amount of consumption in an economy depend on A. Inversely on the level of disposable income B. Directly on the level of disposable income C. Inversely on the level of saving?
level of saving
Explain what determine the optimum level of consumption for a consumer?
what determines the optimum consumption of an consumer is their income and their demand for goods and services.
What is autonomous consuption?
Autonomous consumption is the part of consumption that is independent of (does not depend on) the level of disposable income. Changes in autonomous consumption shift the consumption function.
The consumption function relates the consumption expenditure decisions of households?
to the level of disposible income
What is the primary determinant of the level of consumption and saving in the economy?
the level of income
How do you calculate the equilibrium level of consumption?
you first have to culculate equilibrium level of income.
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.
What does the amount of consumption in an economy depend on A. Inversely on the level of disposable income B. Directly on the level of disposable income C. Inversely on the level of saving?
level of saving
Explain what determine the optimum level of consumption for a consumer?
what determines the optimum consumption of an consumer is their income and their demand for goods and services.
What is the aggregate expenditure function in terms of income?
the function that represents total spending in an economy at a given level of real disposable income.
Neutrality of money-hypothesis that the level of real national income is dependent on the level of money stock-economics?
False. The right answer is ,... the real national income is independent of the level of the money stock
What best describes the notion that the higher the level of ones education the higher ones income level will be?
independent variable
What will shift the consumption level upward?
Factors such as an increase in disposable income, a decrease in the price of goods and services, changes in consumer preferences towards a particular product, or an increase in consumer confidence can shift the consumption level upward.
Non-Income Determinants of Consumption and Saving?
wealth price level rates of interest and taxes expectations for future prices, money income and availability of goods consumer indebtedness
