Autonomous Consumption Is Equal to

question 250

Multiple Choice

Autonomous consumption is equal to

• A) consumption when disposable income is zero.
• B) consumption caused by an increase in disposable income.
• C) dissaving when disposable income is greater than zero.
• D) saving when consumption equals disposable income.

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Definitions:

Legal Idiom

A set phrase or expression that has acquired a specialized meaning in the legal profession, often different from its literal meaning.

Possession

The state or fact of owning or holding something, legally or physically.

Recessionary Period

A time of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Consumer Spending

The total amount of money spent by consumers on goods and services within an economy, a crucial factor for economic analysis.