Questions and Answers
What does the consumption function show a relationship between?
Income and consumption expenditure
Which of the following is NOT a component of Aggregate Demand?
National income
What does Aggregate Supply represent in a two-sector economy?
National income
What is the value of Aggregate Supply in a two-sector economy?
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What is Autonomous Consumption?
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In the equation of the consumption function, what does 'C' represent?
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