________ consumption is consumption that will occur ________ the level of GDP and disposable income.
A) Autonomous; independent of
B) Autonomous; depending on
C) Induced; independent of
D) None of the above answers is correct.
Correct Answer:
Verified
Q21: A movement along the consumption function is
Q22: As disposable income increases, consumption expenditures
A) increase
Q23: Q24: A movement along the consumption function to Q25: The graph of the consumption function has Q27: Autonomous consumption is that portion of consumption Q28: An increase in expected future income Q29: Autonomous consumption Q30: There is a movement along the consumption Q31: Autonomous consumption is equal to
A) decreases
A) increases with income.
B) is independent
A) saving when
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