Why would consumers decrease consumption even if their disposable income has not changed?
Why would consumers decrease consumption even if their disposable income has not changed?
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The average propensity to consume (APC) equals
the change in real disposable income divided by the change in consumption expenditures. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the change in consumption expenditures divided by the change in real disposable income. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real disposable income divided by consumption expenditures. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consumption expenditures divided by real disposable income. The consumption function shows how much
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