In the equation C = a + bY, which describes the aggregate consumption function b stands for ?
Found an error? Read our corrections policy and submit a sourced correction below. You can also share a useful explanation in your own words.
A. The average consumption level
B. The amount of income when consumption is zero
D. The amount of consumption when income is zero
Found an error? Read our corrections policy and submit a sourced correction below. You can also share a useful explanation in your own words.