Economy, asked by sumana44, 11 months ago

define consumption function​

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Answered by rutujazawar
1

Answer:

The consumption function, or Keynesian consumption function, is an economic formula that represents the functional relationship between total consumption and gross national income.

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Answered by girijayadav1984
2

Answer:

The consumption function, or Keynesian consumption function, is an economic formula that represents the functional relationship between total consumption and gross national income. It was introduced by British economist John Maynard Keynes, who argued the function could be used to track and predict total aggregate consumption expenditures.

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