Solved

________ Consumption Is Consumption That Depends Upon the Level of GDP

Question 72

Multiple Choice

________ consumption is consumption that depends upon the level of GDP and ________ consumption is consumption that does not depend upon the level of GDP.


A) Autonomous; induced
B) Induced; autonomous
C) Voluntary; autonomous
D) Autonomous; voluntary

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q67: The ratio of the increase in _

Q68: What impact does a higher price level

Q69: Net exports usually _ when the U.S.economy

Q70: What is the difference between aggregate expenditure

Q71: Explain how a stock market crash has

Q73: The formula for the multiplier is (1

Q74: Aggregate expenditure includes consumption spending,planned investment spending,government

Q75: If the marginal propensity to save is

Q76: What is the main reason for changes

Q77: At macroeconomic equilibrium<br>A)total investment equals total inventories.<br>B)total