According to the consumption function,
what variables determine aggregate spending on consume...
Business, 30.11.2019 04:31, bubblzthechicken
According to the consumption function,
what variables determine aggregate spending on consumer goods and services?
a. consumer spending depends on disposable income, the real interest rate, and other variables such as consumers' optimism and wealth.
b. consumer spending depends on disposable income, the real interest rate, and the export-to-import ratio.
c. consumer spending depends only on disposable income and the real interest rate.
d. none of the above are correct.
Answers: 3
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