3 . The primary determinant of consumption is disposable income. As Q.isposable income increases, consumption expenditures will

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3 . The primary determinant of consumption is disposable income. As Q.isposable income increases, consumption expenditures will rise, although in the short run they will generally rise less rapidly than income.

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Macroeconomics Private And Public Choice

ISBN: 9780123110701

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 09:08 AM

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3 . The primary determinant of consumption is disposable income. As Q.isposable income increases, consumption expenditures will

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Macroeconomics Private And Public Choice

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