The level of consumption that does not depend on income is called:
A) the marginal propensity to consume.
B) the consumption function.
C) independent income.
D) autonomous consumption.
Correct Answer:
Verified
Q137: The multiplier for taxes can be calculated
Q138: Assume that the consumption function is C
Q139: Assume there is no government or foreign
Q140: Recall Application 4, "The Locomotive Effect: Why
Q141: If the government collects taxes using a
Q143: Suppose consumption is $10,000 when income is
Q144: In a graph with output on the
Q145: In a closed economy without a government,
Q146: Taxes and transfer payments that stabilize GDP
Q147: ![]()
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