The relationship between consumption and disposable income is such that:
A)an inverse and stable relationship exists between consumption and income.
B)a direct, but very volatile, relationship exists between consumption and income.
C)a direct and relatively stable relationship exists between consumption and income.
D)the two are always equal.
Answer:C
The relationship between consumption and disposable income is such that:
A)an inverse and stable relationship exists between consumption and income. B)a direct, but very volatile, relationship exists between consumption and income. C)a direct and relatively stable relationship exists between consumption and income. D)the two are always equal.