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The Consumption Function Assumes That

Question 8

Multiple Choice

The consumption function assumes that:


A) only disposable income affects consumption.
B) only the price level affects consumption.
C) many factors other than disposable income affect consumption,and each is allowed to vary along the consumption function.
D) factors other than disposable income affect consumption,but those are held constant along the consumption function.
E) only consumer expectations affect consumption.

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