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Marcus Enfiajan
on Nov 11, 2024

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Which of the following will not shift the consumption function?

A) A change in household wealth
B) A change in the price level
C) A change in household disposable income
D) A change in the level of unemployment
E) A change in the rate of interest

Household Wealth

The net value of all assets owned by members of a household, including property, investments, and cash, minus liabilities.

Price Level

The mean price point of all goods and services within the economic framework.

Disposable Income

After-tax financial resources available to households for the purposes of saving and spending.

  • Understand how various factors shift the consumption function.
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Dayanara NahomyNov 18, 2024
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