Asked by
Young Picasso
on Nov 11, 2024Verified
Which of the following is least likely to cause a shift of the consumption function?
A) A change in the level of saving
B) A change in consumer expectations about future prices
C) A change in household wealth
D) A change in investment spending
E) A change in the interest rate
Consumption Function
A financial equation that depicts the correlation between overall spending and gross national income.
Consumer Expectations
Consumer Expectations refer to the perceptions and predictions of future financial conditions or performances, which influence consumer behavior in the economy.
- Scrutinize the determinants that provoke adjustments in the consumption function.
Verified Answer
GY
Learning Objectives
- Scrutinize the determinants that provoke adjustments in the consumption function.