The simplest consumption function assumes ........

Introductory Macro Economics Determination of Income and Employment

The simplest consumption function assumes_____________.

Consumption changes at a constant rate as income changes

Consumption changes faster with more income

Consumption does not change with income.

Consumption changes with more supply.

Option (1) is correct.
Explanation: Simplest consumption function assumes that the consumption changes constantly as per the change in the income.

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