The graph of the consumption function has consumption expenditure on the vertical axis and
A. the interest rate on the horizontal axis.
B. time on the horizontal axis.
C. disposable income on the horizontal axis.
D. the Consumer Price Index on the horizontal axis.
Answer:C
The graph of the consumption function has consumption expenditure on the vertical axis and
A. the interest rate on the horizontal axis. B. time on the horizontal axis. C. disposable income on the horizontal axis. D. the Consumer Price Index on the horizontal axis.