Economics · Macroeconomics
The simplest consumption function assumes that consumption changes _______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1inversely as income changes
- 2at a constant rate as income changes✓
- 3at a decreasing rate as income changes
- 4at an increasing rate as income changes
Correct answer
at a constant rate as income changes
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