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________ orchestrated the Great Society programs of the 1960s.
Autonomous Consumption
Spending that does not depend on current income levels, such as basic necessities, implying that this consumption occurs even in the absence of income.
Disposable Income
represents the amount of money that households have available for spending and saving after income taxes have been accounted for.
Saving
The portion of income that is not spent on consumption but rather set aside for future use or emergencies, contributing to personal and national wealth.
Autonomous Consumption
The level of consumption that occurs when income is zero, reflecting expenses that are necessary or committed.
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