Consumption spending that is independent of the level of disposable income is known as:
A)marginal consumption.
B)transitory consumption.
C)permanent consumption.
D)relative consumption.
E)autonomous consumption.

Question

Quizplus · Accepted Answer

Autonomous consumption refers to the level of consumption that occurs regardless of disposable income, meaning it is independent of income levels.

Consumption Spending That Is Independent of the Level of Disposable