Economy, asked by jitendra152363, 6 months ago

what is consumption function

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Answered by Anonymous

Answer:

In economics, the consumption function describes a relationship between consumption and disposable income. The concept is believed to have been introduced into macroeconomics by John Maynard Keynes in 1936, who used it to develop the notion of a government spending multiplier.

Answered by lofar45

Answer:

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Explanation:

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