Which of the Following Statements About the Consumption Function Is

Multiple Choice

Which of the following statements about the consumption function is true?

A) The consumption function describes the relationship between aggregate consumption and the price level.
B) The consumption function describes the relationship between aggregate consumption and the level of national income.
C) The consumption function describes all equilibrium levels of income where aggregate saving and investment are equal.
D) The consumption function describes the relationship between aggregate consumption and the wealth.