Let "C =Ca + By" Define the Consumption Function

question 63

Multiple Choice

Let "C =Ca + by" define the consumption function. The term "
Ca " is known as

• A) autonomous consumption.
• B) induced consumption.
• C) the marginal propensity to consume.
• D) the marginal propensity to save.

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Leading creates enthusiasm to work hard to accomplish tasks successfully.

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The act of adhering to or being guided by the instructions, leadership, or direction provided by someone else.

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Milton Friedman

Milton Friedman was an influential American economist known for his work on monetary policy, market capitalism, and the advocacy of free markets.