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In Macroeconomics the consumption function is based on the premise that as income increases, consumption expenditure... [1]increases by a larger amount. [2]increases by the same

In Macroeconomics the consumption function is based on the premise that as income increases, consumption expenditure...

[1]increases by a larger amount.

[2]increases by the same amount.

[3]remains constant unless saving also changes.

[4]increases by a smaller amount.

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In Macroeconomics the consumption function is based on the premise that as income increases, consumption expenditure... [1]increases by a larger amount. [2]increases by the same

In Macroeconomics the consumption function is based on the premise that as income increases, consumption expenditure... [1]increases by a larger amount. [2]increases by the same amount. [3]remains constant unless saving also changes. [4]increases by a smaller amount.

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Recommended Textbook for

Macroeconomics

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In Macroeconomics the consumption function is based on the premise that as income increases, consumption expenditure...

[1]increases by a larger amount.

[2]increases by the same amount.

[3]remains constant unless saving also changes.

[4]increases by a smaller amount.