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

Expert's answer

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!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Macroeconomics
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Canada #339914 on Dec 2023