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Q: Why will the short run consumption function be different from the longrun consumption function?
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WHAT IS Short run consumption function?

short run consumption function


In a perfectly competitive market do firms exhibit productive efficiency?

in the short-run they are not able to but in the longrun it can be attainerd as businesses want to lower their average costs!


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How do government taxation for consumption spending and importing goods for short term consumption affect economic growth?

Government taxation for consumption spending and importing goods for short-term consumption weakens the economic growth. An increase in imports results in a lower GDP and, consequently, economic loss as money is spent and funneled out of the country.


What is short run production function?

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it is designed to reach short-term goals


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What are the short term effects of moderate alcohol consumption?

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