The consumption function shows how an increase in _______ influences _________. A. Income; households aggregate planned expenditure

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The consumption function shows how an increase in _______ influences _________.

A. Income; households’ aggregate planned expenditure

B. Nominal GDP; consumption expenditure

C. Disposable income; consumption expenditure

D. Consumption as a fraction of income; real GDP

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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