Autonomous Consumption Is

question 171

Multiple Choice

Autonomous consumption is

• A) the sum of consumption that depends on the level of income and consumption that does not depend on income.
• B) the part of consumption that depends on the level of income.
• C) the part of consumption that does not depend on income.
• D) the relationship between consumption spending and the level of income.

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Definitions:

Simplify

To make something easier to understand, or reduce it to its most basic components.

Perform Operation

The act of executing a particular task or function within a set of procedures or instructions.

Like Terms

In algebra, like terms are terms that contain the same variables raised to the same power, allowing them to be added or subtracted.

Simplify

The process of making a situation, equation, or expression less complicated or easier to comprehend.