Answer to Question #135702 in Macroeconomics for tebogo

Question #135702

Which of the following statements is incorrect?
[1] Induced consumption does not require income.
[2] People always consume even if income is zero.
[3] Consumption increases by less than the increase in income.
[4] There is no relationship between consumption and interest rates.

Expert's answer

[4] There is no relationship between consumption and interest rates.

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