Autonomous Consumption

question 23

Multiple Choice

Autonomous consumption

• A) increases with income.
• B) is independent of income and must be equal to zero.
• C) is independent of income.
• D) decreases with income.

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Definitions:

Common Stock

Equity ownership in a corporation, representing a claim on its dividends and assets.

Equity

The stake or ownership interest shareholders have in a company, represented by their shares of stock.

Chart Of Accounts

A systematic list of account titles and numbers used by a company to organize its financial transactions and prepare financial statements.

Identification Number

A unique sequence of numbers and/or letters assigned to individuals, products, or entities for identification purposes.