___________consumption is consumption that will occur___________ the level of GDP and disposable income.
A) Induced; independent of
B) Autonomous; independent of
C) Autonomous; depending on
D) None of the above answers is correct.
Correct Answer:
Verified
Q28: The slope of the consumption function is
A)
Q29: As disposable income increases, consumption expenditures
A) increase
Q30: A movement along the consumption function to
Q31: Q32: Which of the following will NOT shift Q34: If disposable income increases, Q35: The graph of the consumption function has Q36: Autonomous consumption
A) there is movement
A) increases with income.
B) decreases with
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