Use the following figure to answer the questions : Figure9.1:

-Using Figure 9.1,the amount of autonomous consumption is
A)$500 billion.
B)$750 billion.
C)Different at every income level.
D)Equal to disposable income when the consumption line crosses the 45-degree line.

Question

Use the following figure to answer the questions : Figure9.1:

-Using Figure 9.1,the amount of autonomous consumption is
A)$500 billion. 
B)$750 billion. 
C)Different at every income level. 
D)Equal to disposable income when the consumption line crosses the 45-degree line.

Quizplus · Accepted Answer

Autonomous consumption is the level of consumption that occurs when income is zero, typically represented by the y-intercept of the consumption function.

Use the Following Figure to Answer the Questions : Figure9