Question

A model that shows the relationship between household spending and disposable income in the economy is known as      

Answer 1

A model that shows the relationship between household spending and disposable income in the economy is known as Consumption Function model or Keynesian Consumption model where it was Keynes who actually identified the level of consumption depends on the total level of disposable income on the whole where when the disposable income is zero, even at that time there's an amount of basic consumption known as autonomous consumption

Therefore 'consumption function model or Keynesian Consumption Function model' is the answer to this question