Increases in consumer wealth will cause an increase in autonomous consumption.

Name: Increases in consumer wealth will cause an increase in autonomous consumption.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When consumers feel wealthier, they tend to increase their spending on goods and services, which leads to an increase in autonomous consumption. Autonomous consumption refers to the minimum level of consumption that occurs even if there is no income.

Increases in Consumer Wealth Will Cause an Increase in Autonomous