If the consumption function is defined as C = 5,500 + 0.9Y, what is the autonomous level of consumption expenditure?
A)550
B)$4,950
C)$5,500
D)$6,050
E)$6,111

Name: If the consumption function is defined as C = 5,500 + 0.9Y, what is the autonomous level of consumption expenditure? A)550 B)$4,950 C)$5,500 D)$6,050 E)$6,111
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Question

Quizplus · Accepted Answer

The autonomous level of consumption expenditure is the constant term in the consumption function, which is $5,500 in this case.

If the Consumption Function Is Defined as C = 5,500