Multiple Choice
Which of the following is true of the relationship between disposable income and consumption?
A) Disposable income and consumption are both dependent variables.
B) Disposable income and consumption are both independent variables.
C) Disposable income is the dependent variable and consumption is the independent variable.
D) Consumption is the dependent variable and disposable income is the independent variable.
E) Neither is dependent nor independent since they are related by the equation DI = C + S.
Correct Answer:
Verified
Correct Answer:
Verified
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