The relationship that tells us how much a person intends to spend at various levels of income is
A) the income function.
B) the expenditure function.
C) the consumption function.
D) the autonomous spending function.

Question

Quizplus · Accepted Answer

The consumption function describes the relationship between consumption (or spending) and income, indicating how much a person intends to spend at various levels of income.

The Relationship That Tells Us How Much a Person Intends