-The figure above illustrates an economy's consumption function. What is autonomous consumption in this economy?

Question

Quizplus · Accepted Answer

Autonomous consumption is the level of consumption that occurs when income is zero. It is represented by the intercept of the consumption function with the consumption axis. In the given scenario, since the figure is not visible, the correct answer is inferred based on the provided options, and typically, a nonzero positive value like $4 trillion would represent autonomous consumption.

-The Figure Above Illustrates an Economy's Consumption Function