The Five Most Important Variables That Determine the Level of Consumption

Multiple Choice

The five most important variables that determine the level of consumption are

A) disposable income, wealth, expected future income, price level, and interest rate.
B) wealth, savings account balances, chequing account balances, stock portfolio balances, and bond portfolio balances.
C) government purchases, interest rates, income, taxes, and transfers.
D) government purchases, saving account balances, wealth, interest rates, portfolio balances.
E) disposable income, taxation, expected interest rates, price level, and corporate retained earnings.