Which of the Following Is the Definition of Autonomous Consumption

question 37

Multiple Choice

Which of the following is the definition of autonomous consumption spending?

• A) The effect of a change in wealth on consumption spending
• B) The part of consumption spending that is independent of disposable income
• C) The impact of disposable income on consumption spending
• D) The part of consumption spending that is independent of wealth
• E) The horizontal intercept of the consumption function.

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Definitions:

Developing Problem Statement

the process of outlining a clear, concise description of the issues that need to be addressed by a project or study.

Credibility

The quality of being trusted, believed, or convincing; crucial for effective communication and persuasion.

Main Idea

The main idea refers to the primary or central concept, point, or message that an author or speaker is trying to communicate to the audience.

Indirect Approach

A method of communication where the main point or request is not presented at the beginning but rather after an explanation or background information.