Multiple Choice
In macroeconomics,the consumption function
A) and the aggregate expenditure function are the same.
B) describes the relationship between desired consumption expenditure and the factors that determine it,like national income.
C) refers to the relationship between consumption expenditure and relative prices.
D) refers to the relationship between an individual's consumption and his/her wealth.
E) is relatively unimportant in macroeconomics,because consumption is such a small component of aggregate expenditure.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Total desired saving divided by total income
Q46: Consider a simple macro model with demand-determined
Q50: Suppose aggregate output is demand-determined.Suppose a decrease
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 21-2 -Refer
Q55: Consider the simplest macro model with a
Q56: Consider the simplest macro model with demand-determined
Q57: Suppose aggregate output is demand-determined.The simple multiplier
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 21-2 -Refer
Q104: Suppose aggregate output is demand-determined.If the business
Q152: Suppose the price level is constant,output is