Question

Give five reason why consumption function curves shift​

Answer 1

Answer:

The consumption function, its technical attributes, its importance and its subjective and objective determinants along with Keynes’s Psychological Law of Consumption.

Contents:

Meaning of Consumption Function

Properties or Technical Attributes of the Consumption Function

Keynes’s Psychological Law of Consumption

Implications of Keynes’s Law

Determinants of the Consumption Function

Measures to Raise the Propensity to Consume