Business
Business, 13.12.2019 22:31, cduckworth7558

Which of the following conjectures that underlie the keynesian consumption function is not consistent with aggregate u. s. data?

a. the average propensity to consume decreases as income increases.
b. there is a high correlation between income and consumption.
c. current income is a determinant of consumption.
d. the marginal propensity to consume is between 0 and 1.

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Answers: 1

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Which of the following conjectures that underlie the keynesian consumption function is not consisten...

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