As shown in Exhibit 8-3, autonomous consumption is:
A)0.
B)$1 trillion.
C)$2 trillion.
D)$4 trillion.
E)$6 trillion.

Name: As shown in Exhibit 8-3, autonomous consumption is: A)0. B)$1 trillion. C)$2 trillion. D)$4 trillion. E)$6 trillion.
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Question

Quizplus · Accepted Answer

Autonomous consumption is the level of consumption that occurs when income is zero. In Exhibit 8-3, this is represented by the intercept of the consumption function on the vertical axis, which is $2 trillion.

As Shown in Exhibit 8-3, Autonomous Consumption Is