Answer to Question #94283 in Macroeconomics for Nomthandazo

Question #94283
which one of the following statement regarding consumption spending is correct
(1) total consumption consist of induced consumption and autonomous consumption
(2) induced consumption is independent of the rate of income
(3) autonomous consumption is a function of income
(4) both autonomous and induced consumption are a function of income
1
Expert's answer
2019-09-16T09:05:25-0400

correct answer is (1) total consumption consist of induced consumption and autonomous consumption 


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS