consumption is consumption that will occur _ the level of GDP and disposable income.
A) Autonomous; depending on
B) Autonomous; independent of
C) Induced; independent of
D) None of the above answers is correct.
Correct Answer:
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Q52: Autonomous consumption is
A) consumption expenditure that does
Q53: As real disposable income increases, consumption expenditure
Q54: Q55: Q56: Induced consumption is equal to Q58: Autonomous consumption Q59: With consumption expenditure on the vertical axis Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) consumption caused
A) increases with income.
B) is independent