Autonomous Consumption

question 89

Multiple Choice

Autonomous consumption

• A)is the same as the break-even point.
• B)gives the amount a person changes planned consumption for a change in real disposable income.
• C)is the amount of consumption that is independent of the level of disposable income.
• D)is the proportion of total disposable income that is consumed.

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Definitions:

Hans Eysenck

A German-born psychologist known for his work on the dimensions of personality and its genetic and environmental bases.

Psychology

The scientific study of the mind and behavior, including processes involved in perception, cognition, emotion, and interaction.

Big Five Personality Factors

Five broad dimensions used to describe human personality, including openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well.