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Fall 2012ECO 212 Macroeconomics Yellow Pages ANSWERSUnit 3Mark Heavy William Rainy Harper College Email: mealy HarperCollins.edu Office: J262 Phone: 8479256352 Consumption and Saving Functions CS
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Consumption function refers to the relationship between consumption and income, while saving function refers to the relationship between saving and income.
Individuals or businesses who want to analyze their consumption and saving patterns are required to file consumption and saving functions.
Consumption and saving functions can be filled out by recording income, consumption, and saving data over a specified time period.
The purpose of consumption and saving functions is to understand how consumption and saving behavior changes with income levels.
Income, consumption, and saving data must be reported on consumption and saving functions.
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