Due to long-term decisions and non-income determinants working in opposite directions, which of the following are relatively stable?

Multiple select question.

The consumption schedule

The supply schedule

The demand schedule

The saving schedule

1 answer

In the context of long-term decisions and non-income determinants working in opposite directions, the following are relatively stable:

  • The consumption schedule: This is often relatively stable over the long term since people's consumption habits tend to change slowly and are influenced by a variety of factors beyond just current income.

  • The saving schedule: Similar to the consumption schedule, saving behavior can be affected by long-term decisions and various factors, resulting in a degree of stability.

The supply schedule and demand schedule, on the other hand, can be more volatile as they are heavily influenced by changes in market conditions, prices, and economic events.

So, the correct answers are:

  • The consumption schedule
  • The saving schedule